Current Affairs

GK MCQs Section
Q. Consider the following statements regarding Non-Banking Financial Companies (NBFCs):
  1. NBFCs are permitted to engage in micro-finance activities.
  2. Housing finance companies constitute a distinct sub-group within NBFCs.
  3. The deposit insurance facility of the Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to NBFC depositors.
Which of the above statements is/are not correct?
Answer: None of them
Notes: All the given statements are correct: NBFCs can undertake micro-finance activities; housing finance companies are a recognized sub-group within NBFCs; and the deposit insurance of DICGC does not cover NBFC depositors. Thus, there is no incorrect statement among the three, making 'None of them' the correct answer.
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📌 Question Number: 68 in 65: Money, Banking, and Finance in the above course in App.