With reference to Non-Banking Financial Companies (NBFC) in India, consider the following statements.
$1$ . NBFCs are registered under the RBI Act, $1934$ .
$2$ . NBFCs cannot accept demand deposits.
$3$ . NBFCs form a part of the Payment and Settlement System of RBI.
Which of the given statements is/are correct?

1

only

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1

and

2

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2

only

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1, 2

and

3

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Solution

The correct option is C $2$ only
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956. NBFCs lend and make investments and hence their activities are akin to that of banks however they cannot accept demand deposits. Also, they do not form part of the payment and settlement system of RBI and cannot issue cheques drawn on itself.

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14. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:

1. They cannot engage in the acquistion of securities issued by the government.

2. They cannot accept demand deposits like Savings Account.

Which of the statements given above is/are correct?

Q5. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:

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2. They cannot accept demand deposits like Savings Account.

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Q. With reference to the Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs), consider the following statements:

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Q. गैर-बैंकिंग वित्तीय कंपनियों (NBFCs) और आवासीय वित्तीय कंपनियों (HFCs) के लिए विशेष तरलता योजना के संदर्भ में, निम्नलिखित कथनों पर विचार कीजिए:

धनराशि बजटीय आवंटन के माध्यम से प्रदान की जाएगी।
कोर निवेश कंपनियों के रूप में पंजीकृत NBFCs इस योजना हेतु अपात्र हैं।
पात्र NBFC को निवेश ग्रेड का दर्जा दिया जाएगा।

उपरोक्त कथनों में से कौन से सही हैं?

1 and 3 only
केवल 1 और 3
1, 2 and 3
1, 2 और 3
1 and 2 only
केवल 1 और 2
2 and 3 only
केवल 2 और 3

Q35. Consider the following statements about Non Banking Financial Companies:

1. NBFCs are regulated by RBI

2. NBFCs cannot accept demand deposits

3. NBFCs cannot issue cheques drawn on itself

Which of the above statement(s) is/are correct?

गैर बैंकिंग वित्तीय कंपनियों के संबंध में निम्नलिखित कथनों पर विचार करें:

1. RBI द्वारा गैर बैंकिंग वित्तीय कंपनियों को विनियमित किया जाता है।

2. गैर बैंकिंग वित्तीय कम्पनियाँ डिमांड डिपॉजिट स्वीकार नहीं कर सकते।

3. गैर बैंकिंग वित्तीय कम्पनियाँ स्वयं चेक जारी नहीं कर सकते।

ऊपर दिए गए कथनों में से कौन सा कथन सत्य है/हैं?

Q. Consider the following statements in reference to Non-Banking Financial Corporation (NBFCs):

Which of the statements given above is/are correct?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

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With reference to Non-Banking Financial Companies (NBFC) in India, consider the following statements.1. NBFCs are registered under the RBI Act, 1934.2. NBFCs cannot accept demand deposits.3. NBFCs form a part of the Payment and Settlement System of RBI.Which of the given statements is/are correct?