Identify the incorrect statement about NBFC (Nonbanking finance company)
NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below: i. NBFC cannot accept demand deposits; ii. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on themselves; iii. the deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in the case of banks As NBFCs cannot accept demand deposits, therefore this is the option i.e A
Who is the Governor of Gujarat, as of January 2023?
Who was the Indian Cabinet Minister of Corporate Affairs as on 31 July 2020?
Arrange the following persons in descending order as per the year in which they received Rajiv Gandhi Khel Ratna.
A. Virat Kohli
B. Bajran...
Eight chairs are placed at a uniform distance from each other around a round table. C and D are equal distance away from both A and B; E sits between A...
What is the primary reason for the green color in plants?
______ state has become the first state to implement Biofuel Policy in the country?
The unit of magnetic intensity in the CGS (centimetre-gram-second) system is
What is the correct full form of NABARD from below?
Who is the CEO of IBM?
Which of the following was NOT included in the definition of 'children' by the Maintenance and Welfare of Parents and Senior Citizens Act, 2007?