See this thehindu source for RBI question, all statements lifted / distorted out of this article: RBI unveils norms for foreign banks to set up wholly-owned units - The Hindu BusinessLine
@aryabhata there is also another question where I feel the official answer key might vary. According to RBI website primary dealers can participate in liquidity adjustment facility. And there are 7 primary dealers recognised by rbi as NBFCs. So that statement also sounds too ambiguous
The question is talking about NBFC in the general sense (PD is a very specific type of it). This source clearly says NBFCs don't have access to repo:https://www.ndtvprofit.com/global-economics/rbi-ready-to-be-lender-of-last-resort-for-nbfcs-but-its-not-needed-as-of-now-says-acharya
Remember there was a question on "all MSME eligible for PSL" last year and while one could find edge cases where this doesn't hold, the official key considered it to be true.
