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Which of the following statements is are correct about Non Banking Financial Companies NBFCs A Non B......

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Which of the following statements is/are correct about Non-Banking Financial Companies (NBFCs)?

  1. A Non-Banking Financial Company is a company registered under the Companies Act, 1956.

  2. NBFCs cannot accept the demand deposits.

  3. NBFCs can also engage in chit fund businesses.

Select the correct answer using the code given below.

Explanation:

1, 2 and 3

By: Kamal Kashyap
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