Which of the following is/are among the differences between the Non-Banking Financial Companies (NBFCs) and Scheduled Commercial Banks? 1. NBFC can accept demand deposit but not Time deposits. 2. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself 3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. Which of the above statement(s) is/are correct? - Study24x7
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UPSC & State PSC
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Which of the following is/are among the differences between the Non-Banking Financial Companies (NBFCs) and Scheduled Commercial Banks? 1. NBFC can accept demand deposit but not Time deposits. 2. NBFCs do not form part of the payment and settlement system and cannot issue chequ...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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