According to accepting public deposits, NBFCs can be classified into ____ broad categories.

Three

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Four

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One

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Five

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Two

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Solution

The correct option is E Two
According to accepting public deposits, NBFCs can be classified into two broad categories, viz.,

(i) NBFCs accepting public deposit (NBFCs-D)

(ii) NBFCs not accepting/holding public deposit (NBFCs-ND).

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