UPSC CDS 2 2022 GK Paper

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Question : 68 of 120

Marks: +1, -0

Which one of the following statements about Non-Banking Financial Companies (NBFCs) is not correct?

NBFCs cannot accept demand deposits.
NBFCs cannot give loans.
NBFCs cannot issue cheques drawn on themselves.
NBFCs cannot offer deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation.

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