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    Question

    Which of the following is true about Non-Banking

    Financial Company (NBFC) ? I. An NBFC cannot accept demand deposits II.A n NBFC is not a part of the payment and settlement system III. NBFC cannot issue cheques
    A Only I is true. Correct Answer Incorrect Answer
    B Only II is true Correct Answer Incorrect Answer
    C only III is true Correct Answer Incorrect Answer
    D All I, II and III true Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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