Question
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?Solution
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.
Which Indian badminton player has won the Canadian Open title?
The Asian Development Bank (ADB) is set to construct 25-mw solar power plant in which state?
Which statement is correct about “ Gender Gap Index 2023” ?
a. This index is released by released by World Economic Forum .
b....
The India AI Mission, launched in May 2025, aims to promote which of these sectors?
Consider the following statements about Exercise MILAN 24:
1. It is scheduled to be host by India in 2024.
2. It is a biennial multilatera...
With which country did the Indian Air Force recently conduct the 'HOPEX exercise'?
Which of the following Gharana is known for being the oldest tabla Gharana ?
Which country unveiled the world's largest gold bar weighing 300.12 kg?
Which state in India recently initiated the country's first pilot project for underground coal gasification in the Kasta coal block?
Match List-I with List-II and select the correct answer with the help of the codes given below the lists:
