April 14 – INDIAN ECONOMY

Welcome to your April 14 - INDIAN ECONOMY

Choose the correct statement (s) regarding Non-banking Financial Companies (NBFCs)1. NBFCs cannot accept demand deposits. 
2. They are covered under The Banking Regulation Act, 1949.
3. They can issue cheque or draw a cheque on its own.
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Identify the incorrect statement regarding Municipal bonds.
Consider the following statements regarding Production Linked Incentive (PLI).1. It refers to a rebate given to consumers. 
2. In backdrop of Covid-19, government cancelled PLI for Active Pharmaceutical Ingredients and Manufacturing of Medical Devices to curb their excessive imports.
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