Which of the following is false about NBFC? – McqOptions

MCQOPTIONS

1.	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» E.

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