Economics · Economy
Consider the following statements regarding Non-Banking Financial Companies (NBFCs): 1. NBFCs cannot accept demand deposits. 2. They are regulated by the Reserve Bank of India under the RBI Act, 1934. 3. NBFCs cannot issue cheques drawn on themselves. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All three✓
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only
Correct answer
All three
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