Non-Banking Financial Companies (NBFC)

Which of the following are the benefits of NBFCs in India?

  1. They play crucial role in the infrastructure development of the country.
  2. They help diversify the credit portfolio of the economy.
  3. They make huge contribution to state exchequer.

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