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
A two-person zero-sum game means that the
To gauge the sacrifice made by a taxpayer, we should use the _____ tax rate.
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Claudia would be willing to pay as much as $100 per week to have her house cleaned. John's opportunity cost of cleaning Claudia’s house is $70 per...
What will happen when supply elasticity is less than demand elasticity?
Which one of the following is not an assumption of Classical Linear Regression Model
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
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Whenrxy>0,thenbyxandbxyareboth:
...Refer to the below table and calculate the NNPmp
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