Which of the following statement/s is/are correct? 1. NBFCs does not hold a banking license. 2. NBFC can issue Demand Drafts like banks.

The correct answer is: D. None of the above

NBFCs are not banks and do not hold a banking license. They are, however, regulated by the Reserve Bank of India (RBI) and are subject to certain prudential norms. NBFCs can issue Demand Drafts, but they are not allowed to accept deposits from the public.

Here is a brief explanation of each option:

• Option A: NBFCs does not hold a banking license. This is correct. NBFCs are not banks and do not hold a banking license.
• Option B: NBFC can issue Demand Drafts like banks. This is incorrect. NBFCs can issue Demand Drafts, but they are not allowed to accept deposits from the public.
• Option C: 1 and 2 is correct. This is incorrect. Only Option A is correct.
• Option D: None of the above. This is correct.