Which Act allows foreign investment up to 100 percent in an NBFC? Question 4Answer a. RBI Act 1934 b. Indian Contract Act, 1872 c. Banking Regulation Act, 1949 d. Companies Act, 1956
The correct answer is c. Banking Regulation Act, 1949.
This Act allows for foreign investment in Non-Banking Financial Companies (NBFCs) up to 100 percent, subject to certain conditions and regulations set by the Reserve Bank of India (RBI).