Question

Which of the following statements are correct with respect to the International Banking Units (IBUs) operating in IFSC? (i) Lender of last resort is not provided to IBUs (ii) A Banking Unit shall submit reports to the Authority in INR or USD (iii) There shall be a centralized deposit insurance scheme for deposits of a Banking Unit

A Only ii and iii are correct
B Only I and iii are correct
C Only I is correct
D All are correct
E None is correct
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