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Economic Social Development question with answer

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Question #20,739
Economic Social Development English MCQ UPSC (Pre) 2010

Q.With reference to the Non-banking Financial Companies (NBFCs) in India. Consider the following statements. 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Saving Accounts. Which of the statement(s) given above is/are correct?

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