1. Home
  2. Current Questions
  3. Non-Banking Financial Companies (NBFC)
  1. Current Question
  2. National

Non-Banking Financial Companies (NBFC)

Consider the following statements about Non-Banking Financial Companies (NBFC):

  1. All NBFCs are regulated by the Reserve Bank of India.
  2. NBFCs cannot accept demand deposits.
  3. NBFCs cannot issue cheques.

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only