General AwarenessNBFCmixed

NBFC Quiz

Practice quiz on NBFC (General Knowledge / Current Affairs). 10 exam-style questions with explanations.

10
Minutes
10
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About This Quiz

Practice quiz on NBFC (General Knowledge / Current Affairs). 10 exam-style questions with explanations. NBFC Quiz is a free, 10-minute, 10-mark practice quiz on AajExam rated at mixed difficulty, designed to help candidates preparing for SSC, UPSC, Banking, Railway and State PSC government competitive exams sharpen their command of NBFC (General Awareness). Every question on this quiz ships with a detailed step-by-step solution so you don't just learn the right answer — you learn the reasoning and shortcuts top scorers use to crack similar questions faster on the actual exam day. Why NBFC Quiz matters in your preparation: government exam-conducting bodies repeatedly draw questions from the same chapters and the same skill-clusters across recruitment cycles. By attempting focused topic-wise quizzes like this one, you build pattern recognition — the ability to spot which formula, rule or trick applies the moment you see a question. Toppers consistently report that 5-10 quizzes on a single topic delivers more exam-day score gain than 20+ unfocused full-length mocks, because targeted drilling exposes your specific sub-topic weaknesses with surgical precision. How to use this quiz effectively: attempt it in one sitting under the 10-minute timer, without referring to notes or external resources — simulate exam-day conditions exactly. After submission, review the auto-generated analytics to see your accuracy, time per question and section-wise performance. Then go through every wrong and skipped question with the explanation, mentally tagging the underlying concept rather than just memorising the answer. Revisit this quiz after 7-10 days; your second attempt should be 15-20% faster with noticeably better accuracy. After mastering this quiz, explore the 1 related quizzes linked below to broaden your topic coverage. AajExam quiz design principles: every quiz on the platform is curated by subject experts using the actual question formats, difficulty distributions and time pressures of the target government exams. We deliberately avoid generic "textbook" questions in favour of exam-replicating ones. Solutions are written in plain English (and Hindi where source material was bilingual), with step-by-step working for quantitative problems, grammar rules for English questions, and direct reference statements for general awareness items. Performance analytics after each attempt include accuracy, attempt rate, time spent per question, and an estimated all-India percentile so you know exactly where you stand against other candidates. This quiz is completely free to attempt. You only need a free AajExam account to track your performance across attempts, view detailed solutions and unlock the platform-wide analytics dashboard. The platform is mobile-friendly and works seamlessly on smartphones, tablets and desktops — so you can sharpen your NBFC (General Awareness) skills in any spare 15-minute window.
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NBFC Quiz — Questions with Solutions

All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.

  1. Q1.NBFC stands for

    • A.National Bank Finance Company
    • B.Non-Bank Fund Company
    • C.New Banking Financial Corporation
    • D.Non-Banking Financial Company
    Show answer

    Answer: D. Non-Banking Financial Company

    NBFC.

  2. Q2.NBFCs are regulated by the

    • A.RBI
    • B.IRDAI
    • C.SEBI
    • D.NABARD
    Show answer

    Answer: A. RBI

    RBI.

  3. Q3.Can NBFCs accept demand deposits?

    • A.Only for agriculture
    • B.No
    • C.Yes
    • D.Only for gold
    Show answer

    Answer: B. No

    They cannot accept demand deposits.

  4. Q4.Which of these is an NBFC?

    • A.HDFC Bank
    • B.SBI
    • C.Bajaj Finance
    • D.PNB
    Show answer

    Answer: C. Bajaj Finance

    Bajaj Finance is an NBFC.

  5. Q5.NBFCs are not part of the

    • A.Credit market
    • B.Payment and settlement system as direct members
    • C.Financial sector
    • D.Lending business
    Show answer

    Answer: B. Payment and settlement system as direct members

    They are not part of the payment system.

  6. Q6.An NBFC must be registered under the

    • A.Companies Act
    • B.Constitution
    • C.Banking Regulation Act as a bank
    • D.SEBI Act only
    Show answer

    Answer: A. Companies Act

    Companies Act with RBI registration.

  7. Q7.Housing Finance Companies are regulated now by the

    • A.NHB only
    • B.IRDAI
    • C.RBI
    • D.SEBI
    Show answer

    Answer: C. RBI

    RBI took over from NHB in 2019.

  8. Q8.The IL&FS crisis was related to

    • A.Agriculture
    • B.Mining
    • C.NBFC sector
    • D.Insurance
    Show answer

    Answer: C. NBFC sector

    2018.

  9. Q9.Microfinance Institutions (MFIs) mainly give

    • A.Small loans
    • B.Housing grants
    • C.Crop insurance
    • D.Equity
    Show answer

    Answer: A. Small loans

    Small loans.

  10. Q10.NBFCs can offer

    • A.Cheque books for current accounts
    • B.Reserve currency
    • C.Loans and investments
    • D.Demand drafts only
    Show answer

    Answer: C. Loans and investments

    Lending/investment activity.

Frequently Asked Questions

Is NBFC Quiz free to attempt on AajExam?

Yes. NBFC Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.

How long does it take to complete NBFC Quiz?

NBFC Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.

Are detailed solutions provided?

Yes. Every question on NBFC Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.

Can I attempt NBFC Quiz multiple times?

Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.

Which government exams does this quiz prepare me for?

NBFC questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.

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