NBFCs do not have a banking license. Options: A . &nbsp True B . &nbsp False C . &nbsp Fluctuating Capital D . &nbsp Moving Capital

NBFCs do not have a banking license.

Question

NBFCs do not have a banking license.

Options:

A . True

B . False

C . Fluctuating Capital

D . Moving Capital

Answer: Option A
:
A

True. Non-banking financial companies (NBFCs) are financial institutions that offer various banking services, but do not have a banking license.

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