Start learning →

Can a bank do it, or an NBFC too?

Exercise and reference answers

Left
Bank only
Items
  1. Item
    Demand deposits
    Answer
    Bank only
  2. Item
    Issue cheques
    Answer
    Bank only
  3. Item
    DICGC cover
    Answer
    Bank only
  4. Item
    Settlement system
    Answer
    Bank only
  5. Item
    Give loans
    Answer
    Both
  6. Item
    Make investments
    Answer
    Both
  7. Item
    Hold assets
    Answer
    Both
  8. Item
    Earn interest
    Answer
    Both
Right
Both
Instructions
Swipe left for Bank only, right for Both.

Explanation

_Source: RBI, FAQs on Non-Banking Financial Companies_
Continue learning with Quill →

Browse more IBPS Clerk questions and exercises →