Financial Markets and Institutions mcq set 10

361. Which of the following statements is/are correct? 1. NBFCs does not hold a banking license. 2. NBFC can issue Demand Drafts like banks.A. Only 1B. Only 2C. BothD. None AnswerA. Only 1 362. Consider the following statements 1. Chit Funds are type of NBFC 2. All NBFCs are ruled by RBI 3. RBI said…

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