Which of the following statements is/are incorrect?
1. NBFCs can accept demand deposits.
2. NBFC can issue Demand Drafts like banks.
3. NBFC stands for Non Banking Franchise Company
4. DICGC facility is available on the deposits in NBFCs1
Only 1
2
Only 2
3
Only 3 and 4
4
All are incorrect
5
All are correct