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
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