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Commerce · Q567

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 567

Q567

A non-banking institution that has a principal business of receiving deposits under any scheme or arrangement in one lump sum or in instalments by way of contributions is known as:

A.
Principal non-banking company
B.
Residential non-banking company
C.
Residuary non-banking company
Answer
D.
Optional non-banking company

Answer: Option C

Solution

Answer: Option C
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