With reference to the NBFCs, consider the following statements:
1. It is a company registered under the Companies Act, 1956
2. NBFC cannot accept demand deposits.
3. NBFC can issue cheques drawn on itself.
Which of the statements given above is/are incorrect?
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business NBFC cannot accept demand deposits; NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Statements:
Only a few Airtel are ideas
Some ideas are not vodafone
No vodafone are JIO
Only a few JIO are BSNL
C...
Statements:
Only Sandal is Paste.
No Mask is Sandal.
Only a few Masks are Rays.
Conclusion:
I. Some Pastes can ...
In each of the questions below are given some statements followed by some Conclusions. You have to take the given statements to be true even, if they s...
Statements: a. Some forests are trees.
b. Some trees are flowers.
c. All forests are deserts..
...
Statements:
Some tigers are lion.
Only a few lion are zebra.
No zebra is bear.
All bears are fox.
Conclusions: <...
Conclusions:
I.Some refill may be pen.
II.All pen being glitter is a Possibility.
Statements:
No pen is pencil.
Some pencil is eraser.
All eraser is box.
Some box is scale.
Conclusions:
...Statements:
All summers are winters.
Only a few summers are spring.
Some springs are autumn.
No autumn is season.
...
No chairs are tables
Mostly tables are benches
Each bench is desk.
Conclusions-:
I. A few tables are desks.
II. Few chairs are benches.
Conclusions:
I. Few Organisations are Delegations.
II. Some Selections are Companies.
