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Q. Which among the following is not a function of Non-Banking Financial Company (NBFC)?
Answer: Term deposits
Notes: Non-Banking Financial Companies (NBFCs) provide various financial services but do not accept demand deposits like banks. They engage in equipment leasing, housing finance, and investments in financial securities. However, they do not offer term deposits, which are a function exclusive to banks. This distinction is crucial as NBFCs are regulated differently and primarily focus on providing loans and investment services.

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