Banking and Financial Institutions Financial Institutions Non-Banking Financial Companies (NBFCs)

Consider the following statements regarding Nidhi Companies:

1. The Nidhi companies borrow from and lend to the members only.

2. They are included under NBFCs and are also regulated by RBI

1

1 only

2

2 only

3

Both 1 and 2

4

Neither 1 nor 2

5

Question Not Attempted

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