Q5. With reference to the Non-banking Financial Companies (NBFCs) in I

1.	Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account. Which of the statement/s given above is/are correct?
Answer» Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account. Which of the statement/s given above is/are correct?

Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account. Which of the statement/s given above is/are correct?

Answer»

Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:

1. They cannot engage in the acquisition of securities issued by the government.

2. They cannot accept demand deposits like Savings Account.

Which of the statement/s given above is/are correct?