Which of the following statements are true in regards NBFC?
Which of the following statements are true in regards NBFC?
1). A NBFC can accept demand deposits
2). A NBFC can issue cheques
3). Credit Guarantee Corporation is available to depositors of NBFCs
4). A NBFC can extend loans and advances
1 answers
NBFC’s lend and make investments and hence their activities are similar to that of banks; however there are a few differences as given below:$
i. NBFC cannot accept demand deposits;$
ii. NBFCs do not form part of the payment and settlement system and hence cannot issue cheques$
iii. Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.$
Other Questions
3. Which of the following committees had introduced the concept of Standing Deposit Facility (SDF)?
5. Narayan Dutt Tiwari has passed away in New Delhi on 18 October 2018. He was a ________.
8. What is the theme of the fourth edition of the NITI Lecture Series held on 22 October 2018?