Which of the following statements is/are true with respect to the Non-Banking Financial Companies ?
I. A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 involved in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business
II. NBFC cannot accept demand deposits.
III. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is available to depositors of NBFCs.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 involved in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit businessNBFC cannot accept demand deposits.Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
The SI unit for measuring length is:
What is artificial intelligence (AI)?
”Trend Micro” is a
Which storage technology provides high-speed, non-volatile data storage but is volatile and temporary in nature?
What is a key advantage of the Go programming language in terms of concurrency?
Which protocol is commonly used for sending and receiving emails?
In Go, what is the purpose of a goroutine?
In a blockchain network, what are "nodes"?
In a circuit with n nodes, how many independent KCL equations can be written?
Which of the following conditions must be satisfied for a deadlock to occur?
