Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — 2 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: NBFCs can engage in the acquisition of government securities, shares, bonds, debentures, and other marketable securities. Statement 2 is correct: Unlike commercial banks, NBFCs are prohibited from accepting demand deposits (such as savings and current accounts payable on demand). They can only accept term/fixed deposits subject to specific RBI regulatory permissions.
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