state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements regarding Non-Banking Financial Companies (NBFCs):
1. NBFCs can accept public deposits for a minimum of 12 months and a maximum of 60 months.
2. NBFCs are allowed to accept demand deposits under certain conditions prescribed by the RBI.
3. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves.
How many of the statements given above is/are correct?
1
Only one
2
Only two
3
All three
4
None