What is an NBFC not a part of? Question 9Answer a. Deposit Acceptance b. Hire Purchase Arrangement c. System of Payment and Settlement d. Leasing Financial Services
An NBFC (Non-Banking Financial Company) is not a part of:
c. System of Payment and Settlement
NBFCs are primarily involved in activities like accepting deposits, hire purchase arrangements, and leasing financial services, but they do not operate as part of the payment and settlement system, which is typically managed by banks and other financial institutions.