📊 Banking and Finance 2
Q. Which of the following is false about NBFC?
  • (A) NBFC cannot accept demand deposits
  • (B) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
  • (C) deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs
  • (D) NBFC cannot undertake insurance business
💬 Discuss
✅ Correct Answer: (D) NBFC cannot undertake insurance business

You must be Logged in to update hint/solution

💬 Discussion

Related Posts

Q. What is the normal time period range for factoring in India?

Q. The foreign exchange market

Q. Which of the following act defines a Cheque?

Q. The headquarter of NABARD is situated in

Q. What is the minimum amount at which Commercial Paper can be issued?

Q. Which of the following does not have any roles in regulation of NBFCs?

Q. A spot transaction in the foreign exchange market involves the

Q. A Non-Banking Financial Company (NBFC) is a company registered under the _______.

Q. Which agency regulates and supervises NBFCs?

Q. What is the full form of FLC?

📱 Download Our App

Learn MCQs on the go with our easy-to-use Android app

Get it on Google Play

📊 Question Analytics

👁️
980
Total Visits
📽️
3 y ago
Published
🎖️
Mr. Dubey
Publisher
📈
91%
Success Rate