SBI Junior Associates Model Paper 2

Question : 35 of 199

Marks: +1, -0

Which of the following statements is not correct about NBFCs?

An NBFC cannot accept demand deposits
These institutions trade in the capital market in a variety of assets and liabilities
An NBFC can issue cheques drawn on itself
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors
NBFIs act as brokers of loanable funds and in this capacity they intermediate between the ultimate saver .and the ultimate investor

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