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    With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
    • 1. They cannot engage in the acquisition of securities issued by the government. 
    • 2. They cannot accept demand deposits like Savings Account. 
    Which of the statements given above is/are correct ?

  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2

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