With reference to non-banking financial companies (NBFCs) in India, consider the following statements:
1) They can offer any rate of interest subject to their financial capacity
2) They can not accept deposits repayable on demand.
Which of the statements given above is/are correct?
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer:
Verified
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A)Non Banking Financial Industries
B)Non Banking
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