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 ?
question_subject: 
Economics
question_year: 
2010
question_exam: 
IAS
question_sub_subject: 
Indian Economics
question_topic: 
Banking system and capital market
stats: 
0,3008,3544,1176,3008,1768,600