Examveda

With reference to non-banking financial companies (NBFCs) in India, which of the following statement/s is/are correct?
1. They can offer any rate of interest subject to their financial capacity.
2. They cannot accept deposits repayable on demand.

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

Answer: Option B


This Question Belongs to Commerce >> Banking And Financial Institutions

Join The Discussion

Related Questions on Banking and Financial Institutions