Q. Consider the following Statements regarding Non-Banking Finance Institutions(NBFCs):

1. NBFCs can also engage in Micro-Finance Activities.
2. Housing-finance companies form a distinct sub-group of the NBFCs.
3. The deposit insurance facility of the Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors.

Which among the above Statement(s) is/are not correct?
Answer: None of them
Notes: The correct answer is "All of them." 1. Micro-Finance Activities: NBFCs can engage in micro-finance, providing small loans to low-income individuals or groups, which is a important aspect of their operations. 2. Housing-Finance Companies: These are indeed a distinct sub-group of NBFCs, specifically focused on providing housing loans. 3. Deposit Insurance: It is true that the Deposit Insurance and Credit Guarantee Corporation (DICGC) does not provide deposit insurance for NBFCs, which is a critical distinction from traditional banks. Thus, all statements are correct, making the answer "None of them" incorrect.