Question

Which of the following statement is/are NOT correct with

respect to Non-Banking Financial Companies (NBFCs)?

A They cannot lend and make investment.

B They cannot accept demand deposits.

C They do not from part of the payment and settlement system.

D Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of NBFCs, unlike in case of banks.

E None of these

Practice Next

More Finance Questions

What is the latest horticulture production (in million tonnes) for the year 2024-25 as per the 2nd Advance Estimate?
The estimated total pulse production for 2024-25 (3rd Advance Estimate) was:
The Ganga Kalyan Yojana is for:
Fresh water fishes which have a great food value are :
The Minimum Support Price (MSP) approved by the Cabinet Committee on Economic Affairs for wheat for the 2025-26 rabi marketing season is ____ rupees pe...
Optimum seed rate for pigeon pea or red gram is
The Oil webinar on balanced oil consumption highlighted that India faces a 'triple burden of malnutrition'. Which option correctly represents all three ...
What is the number of the latest installment of the PM-KISAN scheme, and from which location was it released?
Ragi is rich source of
Microbial decomposition of organic matter is called:

Relevant for Exams:

RBI Grade B

IBPS RRB Scale 2

RBI Grade B

Which of the following statement is/are NOT correct with

Solution

Relevant for Exams: