State whether each of the following is True (T) or False (F)
(i) Financial services refer to facilities relating to capital market.
(ii) Non-banking finance companies are engaged in financial services.
(iii) NBFCs provide financial services to corporate sector only.
(iv) All NBFCs operating in India must be registered with SEBI.
(v) Regulatory framework for NBFCs is provided by RBI.
(vi)Any NBFC can borrow funds on mutually agreed terms.
(vii) Prudential norms for Assets and Investments by NBFCs were framed on the recommendations of Narasimhan Committee.
(viii) Assets of NBFCs are also classified as Standard, Non-Standard, Doubtful and Lost.
(ix) NBFCs are not allowed to operate in Insurance sector.
(x)A merchant banker helps in procuring overdraft from a commercial bank.
(xi) All merchant bankers have to be registered with RBI.
(xii) A lead manager has post-issue responsibilities also.
(xiii) Merchant bankers should follow the prescribed code or conduct.
(xiv) Share capital issued by a company for the first time is known as venture capital.
(xv) A mutual fund can operate as a venture capital fund.
(xvi)A venture capital firm deals with a new, risky and untested product.
(xvii) All venture capital funds in India have been promoted by Government.
(xviii) Portfolio managers are not required to be registered.
(xix) A portfolio manager has to operate as per the code of conduct prescribed by SEBI.
(xx) Credit rating is an authoritative guarantee regarding; the credit position of a person.
xxi) RBI has prescribed guidelines for the operations of credit
rating agencies in India.
xxii) Securitisation and Factoring are two sides of the same
coin.
(xxiii) Securitization in India is regulated by RBI.
[Answers (i)F,(ii)T,(iii)F,(iv)F,(v)T,(vi) F,(vii) T, (viii) T,
(ix) F, (x) F (xi) F, (xii) T, (xiii) T, (xiv) F, (xv) T ,(xvi) T,
(xvii) F, (xviii) F, (xix) T, (xx)F, (xxi) F, (xxii) F, (xxiii)T]