Question
EconomyBanking, Credit and Financial InclusionNBFCs, Cooperative Credit and Shadow BankingMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- NBFCs, Cooperative Credit and Shadow Banking · Deposit Insurance and Financial Stability
- Related topics:
- Deposit Insurance and Financial Stability
Classification and difficulty are editorial labels. Explanations are awaiting review.
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Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India : 1. NBFCs cannot accept demand deposits. 2. All the NBFCs operating in India have to be registered with the RBI. 3. NBFCs form part of the payment and settlement system and can issue cheque drawn on itself. 4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs. Which of the statements given above is/are correct ?
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Question 99 · NBFCs, Cooperative Credit and Shadow Banking · Economy · UPSC Prelims 2026 (GS)