Multiple Choice Questions on Which of the following statements is are correct 1 NBFCs does not hold a banking license 2 NBFC can ........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Which of the following statements is are correct 1 NBFCs does not hold a banking license 2 NBFC can ...........

Economics- Phase (I & II) Non-banking Financial Institutions. 
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    Which of the following statements is/are correct?

    1. NBFCs does not hold a banking license.

    2. NBFC can issue Demand Drafts like banks.

    Only 1

    Correct Answer

    Only 2

    Incorrect Answer

     Both

    Incorrect Answer

    None

    Incorrect Answer
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    Explanation:

    NBFC cannot accept demand deposits while NBFC cannot issue Demand Drafts like banks.

    By: Jyoti Das
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