Question

With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
1. They cannot engage in the acquisition of securities issued by the government.
2 . They cannot accept demand deposits like Saving:; Account.
Which of the statements given above is/are correct?
a. 1 only
b.2 only
c. Both 1 and 2
d.Neither 1 nor2

Answer 1

hey mate ...... the answer is

(b) 2 only

Answer 2

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With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
1. They cannot engage in the acquisition of securities issued by the government.
2 . They cannot accept demand deposits like Saving:; Account.
Which of the statements given above is/are correct?
a. 1 only
b.2 only
c. Both 1 and 2
d.Neither 1 nor2



b.2 only✔️✔️✔️✔️✔️✔️


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