Question

Which of the following forms of business are permissible under Banking Regulations  Act?

A Borrowing Correct Answer Incorrect Answer
B Issuance of letters of Credit Correct Answer Incorrect Answer
C Buying and selling of bullion Correct Answer Incorrect Answer
D All of the above Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Borrowing & lending, Issuance of letters of Credit, Buying and selling of bullion etc.

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