question_answer

      Consider the following statements regarding Non-Banking Finance Companies (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 there    

D)        None of these