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    Question

    Which of the following statement is/are NOT correct with

    respect to Non-Banking Financial Companies (NBFCs)?
    A They cannot lend and make investment. Correct Answer Incorrect Answer
    B They cannot accept demand deposits. Correct Answer Incorrect Answer
    C They do not from part of the payment and settlement system. Correct Answer Incorrect Answer
    D Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of NBFCs, unlike in case of banks. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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