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      Question

      Under which of the following section the merchant banker

      cannot carry on any business other than in the securities market?
      A 12 A Correct Answer Incorrect Answer
      B 12 C Correct Answer Incorrect Answer
      C 13 A Correct Answer Incorrect Answer
      D 13 D Correct Answer Incorrect Answer
      E 13 E Correct Answer Incorrect Answer

      Solution

      Β  The regulation 13A of merchant bankers clearly states that a merchant banker cannot carry on any business other than in the securities market

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