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.A. 1 onlyB. 1 and 2 onlyC. 2 and 3 onlyD. 1, 2 and 3 DakPay is associated withA. A digital payment app launched by India Post Payments BankB. Payment portal by National Informatics Centre.C. Centre of Excellence on Big data analytics by C-DAC.D. Cashback incentives for e-wallet usage. Identify the incorrect statement regarding Municipal bonds.A. Bangalore Municipal Corporation was the first urban local body (ULB) to issue Municipal Bond in IndiaB. They are issued and redeemed at par.C. Normally, they carry a variable interest rate.D. Municipal bonds are debt securities. 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.A. 1 onlyB. 2 onlyC. Both 1 and 2D. Neither 1 nor 2 TRIPS Agreement is associated withA. Tax rebatesB. Digital paymentsC. Intellectual propertyD. Trade related disputes Time is Up!