[Solved] Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.

McqMate

Q.	Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.
A.	Only A
B.	Only B
C.	Both
D.	None
Answer» A. Only A

2.1k

0

Do you find this helpful?

15

View all MCQs in

Banking and Finance 2

Discussion

No comments yet

Related MCQs

Consider the following statements A) Chit Funds are type of NBFC B) All NBFCs are ruled by RBI C) RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission. Which of the above statements is/are correct?
A Non-Banking Financial Company (NBFC) is a company registered under the _______.
Which of the following does not have any roles in regulation of NBFCs?
Which of the following activity is not permissible for NBFC?
Which of the following is false about NBFC?
Which agency regulates and supervises NBFCs?
What is the full-form of NBFC?
How many NBFC factors are there in India registered at present?
Which of the following is not correct about development banks in India?
With whom does the ownership of Public sector banks rest?