Which of the following statements is/ are correct about non-banking finance companies (NBFCs)? I. They are financial institutions that provide banking services without meeting the legal definition of a bank. II. They are established as a company registered under the Companies Act, 1956.

Which of the following statements is/ are correct about non-banking fi

1.	Which of the following statements is/ are correct about non-banking finance companies (NBFCs)? I. They are financial institutions that provide banking services without meeting the legal definition of a bank. II. They are established as a company registered under the Companies Act, 1956.
A.	I only
B.	II only
C.	Both [a] and [b]
D.	None of the above
Answer» D. None of the above

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Which of the following statements is/ are correct about non-banking finance companies (NBFCs)? I. They are financial institutions that provide banking services without meeting the legal definition of a bank. II. They are established as a company registered under the Companies Act, 1956.

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