NBFC Activities and Savings Accounts

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Question:

Which of the following is NOT related to NBFC activities? Question 3Answer a. Acquisition of shares/stocks b. Loans and advances c. Credit facilities d. Opening savings accounts

Answer:

d. Opening savings accounts

Non-Banking Financial Companies (NBFCs) typically engage in activities such as providing loans and advances, credit facilities, and acquiring shares/stocks, but they do not offer traditional banking services like opening savings accounts.