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. Correct Answer Incorrect Answer
B They cannot accept demand deposits. Correct Answer Incorrect Answer
C They do not from part of the payment and settlement system. Correct Answer Incorrect Answer
D Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of NBFCs, unlike in case of banks. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The correct answer is A

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