Economics · Economy
While NBFCs engage in various financial activities, which of the following activities is an NBFC strictly prohibited from conducting as its principal business activity under the RBI regulatory criteria?
- 1Financial leasing and hire-purchase business
- 2Acquisition of shares, stock, bonds, or debentures
- 3Agricultural activity, industrial activity, or sale/purchase of immovable property✓
- 4Loans and advances
Correct answer
Agricultural activity, industrial activity, or sale/purchase of immovable property
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