Multiple choice

Which of the following is NOT true about NBFC?

  1. NBFC cannot accept demand deposits.

  2. Credit gurantee corporation is available to the depositors of NBFC.

  3. NBFC does not form a part of payment.

  4. NBFC cannot issue cheques drawn on it.

  5. All of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Credit gurantee corporation is not available to the depositors of NBFC. So this is the right choice.