[Solved] Which of the following is false about NBFC?

McqMate

Q.	Which of the following is false about NBFC?
A.	NBFC cannot accept demand deposits
B.	NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
C.	deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs
D.	NBFC cannot undertake insurance business
Answer» D. NBFC cannot undertake insurance business

1.2k

0

Do you find this helpful?

5

View all MCQs in

Banking and Finance 2

Discussion

No comments yet

Related MCQs

Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.
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?
Which of the following activity is not permissible for NBFC?
What is the full-form of NBFC?
A Non-Banking Financial Company (NBFC) is a company registered under the _______.
How many NBFC factors are there in India registered at present?
Which of the following statement is false about Treasury Bills?
Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
Which of the following is the apex institution which handles refinance for agriculture and rural development in India?
Which of the following is not a regulatory institution in Indian financial system?