Which of the following is true about NBFC? Options: A . &nbspNBFC cannot accept demand deposits B . &nbspNBFCs cannot issue cheques drawn on itself C . &nbspDeposit insurance facility of DICGC is not available to depositors of NBFCs D . &nbspAll are true

Which of the following is true about NBFC?

Question - Which of the following is true about NBFC?

Options:

A . NBFC cannot accept demand deposits

B . NBFCs cannot issue cheques drawn on itself

C . Deposit insurance facility of DICGC is not available to depositors of NBFCs

D . All are true

Answer: Option D
ALL THE THREE POINTS MENTIONED ABOVE ARE TRUE. THESE POINTS DIFFERENTIATE NBFC AND BANKS

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