Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Institutions Financial Institutions Non-Banking Financial Companies (NBFCs)
Which among the followings are correct statements with regard to NBFC in India?
(A) All NBFCs should be registered with RBI.
(B) NBFCs cannot accept demand deposits.
(C) NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
(D) Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
Choose the correct from the options given below:
1
(A), (B), (C) only
2
(A), (B), (C), (D) only
3
(A), (B), (D) only
4
(A), (D) only