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?

[A] Only 1
[B] 1 and 3
[C] All of them
[D] None of them

Show Answer

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