New ixamBee Expert Talk Session by ex-GM, NABARD

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Question

Which of the following is true about Non-Banking Financial Company (NBFC) ?

I. An NBFC cannot accept demand deposits

II.A n NBFC is not a part of the payment and settlement system

III. NBFC cannot issue cheques

A Only I is true.

B Only II is true

C only III is true

D All I, II and III true

E None of these

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