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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 Savings Account. [CSE (Pre) 2010] Which of the statement(s) given above is/are correct?

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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 Savings Account. [CSE (Pre) 2010] Which of the statement(s) given above is/are correct?






 
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