Economics · Banking in India
Which of the following activities is a principal business that an NBFC cannot conduct as its primary corporate objective?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Financial leasing and hire-purchase business
- 2Acquisition of shares, stocks, or bonds issued by government
- 3Agriculture or industrial production activity as its principal business✓
- 4Providing loans and advances
Correct answer
Agriculture or industrial production activity as its principal business
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