Question
Identify the incorrect statement about NBFC (Nonbanking
finance company)Solution
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below: i. NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves; iii. the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks As NBFCs cannot accept demand deposits, therefore this is the option i.e A
Exercise Varuna is a collaborative naval exercise between India and which country?
Which of the following bank and Bharti Airtel Limited has started the joint venture name “Airtel Payment Bank
What is the first ATM in India installed by a bank?
Which country recently became the newest member of the European Union?
Which financial regulator imposed a penalty of Rs 31.8 lakh on BNP Paribas?
Where does the Krishna River originate?
Which automobile company became the first in India to launch BS 6 compliant cars?
During the Santhal rebellion, who led an army of 1,000 women?
Recently Election Commission has disqualified 20 MLAs who belong to the legislative assembly of:
What is the unemployment rate in rural areas as per the Periodic Labour Force Survey (PLFS) 202324?