With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements : 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account. Which

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Q: 25 (IAS/2010)
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
1. They cannot engage in the acquisition of securities issued by the government.
2. They cannot accept demand deposits like Savings Account.
Which of the statements given above is/are correct ?
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question_subject: 

Economics

question_exam: 

IAS

stats: 

0,124,178,49,124,87,42

keywords: 

{'banking financial companies': [0, 0, 1, 0], 'nbfcs': [0, 0, 1, 0], 'securities': [0, 0, 0, 1], 'demand deposits': [0, 0, 1, 0], 'acquisition': [1, 0, 2, 7], 'savings account': [0, 0, 1, 0], 'india': [8, 1, 7, 13]}