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Banking Sample Paper Bank of Baroda (PO) Sample Test Paper-1

  • question_answer
    Which of the following statement regarding Non-banking Finance Companies (NBFCs) is 'not' true?

    A)  The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and a maximum period of 84 months.

    B)  The NBFCs cannot offer gifts or any other additional benefit to the depositors.

    C)  The NBFCs can accept demand deposits repayable through cheques.

    D)  The deposits with NBFCs are not insured.

    E)  All are true

    Correct Answer: C

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