Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of the following NBFCs are engaged in the principal business of financing physical assets?
Answer: Option C
THE ASSET FINANCE COMPANY IS THE FINANCIAL INSTITUTION ENGAGED IN THE PRINCIPAL BUSINESS OF FINANCING PHYSICAL ASSETS THAT CORRESPOND TO PRODUCTIVE/ECONOMIC ACTIVITY SUCH AS MACHINERY, AUTOMOBILE, TRACTORS, MATERIAL HANDLING EQUIPMENT, POWER GENERATORS, ETC.
Was this answer helpful ?
THE ASSET FINANCE COMPANY IS THE FINANCIAL INSTITUTION ENGAGED IN THE PRINCIPAL BUSINESS OF FINANCING PHYSICAL ASSETS THAT CORRESPOND TO PRODUCTIVE/ECONOMIC ACTIVITY SUCH AS MACHINERY, AUTOMOBILE, TRACTORS, MATERIAL HANDLING EQUIPMENT, POWER GENERATORS, ETC.
Was this answer helpful ?
Login With Google
Old way of Login
Login With Email
Submit Your Solution hear: