3. Consider the following statements about Non-Banking Financial Company (NBFC).
- 1. NBFCs lend and make investments and hence their activities are akin to that of banks.
- 2. NBFC cannot accept demand deposits.
- 3. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
- 4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
Which of the statements are true?