With reference to non-banking financial companies in India, consider t – McqOptions

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1.	With reference to non-banking financial companies in India, consider the following statements: 1. They cannot participate in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like savings accounts. Which of the above statement(s) is/are correct?
A.	only 1
B.	only 2
C.	1 and 2
D.	neither 1 nor 2
Answer» C. 1 and 2

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