With reference to the Non-banking Financial Companies (NBFCs) in India – McqOptions

MCQOPTIONS

1.	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 Savings Account.Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 or 2
Answer» C. Both 1 and 2

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