Easy 1 point ID: #7288
Question

What does NBFI stands for--

Options

1

Non-Bank Financial Institution

Correct Answer
2

Non-Bangla Funding Institution

Correct Answer
3

Non-Bangladeshi Formal Industries

Correct Answer
4

Non-Banking Foreign Institution

Correct Answer

Explanation

NBFIs are financial institutions that provide certain banking services but do not hold a banking license. They cannot accept demand deposits from the public.

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Type Single Choice
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