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A company failing the fifty-fifty test is best described as:
ANew an NBFC
BNear an NBFC
CNot an NBFC
DNow an NBFC
Answer & Solution
Correct answer: C. Not an NBFC
1. Financial assets must exceed half of total assets.
2. Half of gross income must come from them.
3. A company failing both is not an NBFC.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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