🎖️ Defence📈 Economics

Which one of the following statements about Non-Banking Financial Companies (NBFCs) is not correct?

Q1

Which one of the following statements about Non-Banking Financial Companies (NBFCs) is not correct?

aNBFCs cannot accept demand deposits.

bNBFCs cannot give loans.

cNBFCs cannot issue cheques drawn on themselves.

dNBFCs cannot offer deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation.

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