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An NBFC cannot issue which instrument drawn on itself?
AChalans
BCharges
CCharters
DCheques
Answer & Solution
Correct answer: D. Cheques
1. NBFCs sit outside the payment and settlement system.
2. So they cannot settle claims across that system.
3. They cannot issue cheques drawn on themselves.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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