Prelims 2026 • Paper 1 (GS) • Q.99

Prelims 2026Paper 1 (GS) • Q.99
PrelimsPaper 1 (GS)2026 • Q.99
Economy

Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India:

1
NBFCs cannot accept demand deposits.
2
All the NBFCs operating in India have to be registered with the RBI.
3
NBFCs form part of the payment and settlement system and can issue cheque drawn on itself.
4
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs.
2026 PrelimsPaper 1 (GS)

Syllabus Connection

Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. (GS-III)

NCERT Connection

Ch.3: Money and Banking

Economics • Class 12Class 12 Macroeconomics

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