With reference to the Indian Banking sector, which of the following activity/activities is/are carried out by both a commercial bank and a Non-Banking Financial Company (NBFC)?

1. Accepting demand deposits.

2. Issuing cheques drawn on itself.

3. Lending money.

Select the correct answer using the codes given below:

1
2 and 3 only
2
3 only
3
1 only
4
1, 2 and 3

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