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    Question

    Why did the RBI cancel the licence of Banaras Mercantile

    Co-operative Bank?
    A Due to high profits Correct Answer Incorrect Answer
    B Due to deteriorating financial health Correct Answer Incorrect Answer
    C Due to internal conflicts Correct Answer Incorrect Answer
    D Due to management change Correct Answer Incorrect Answer
    E Due to government policy changes Correct Answer Incorrect Answer

    Solution

    The RBI cancelled the licence of Banaras Mercantile Co-operative Bank because of its deteriorating financial health.

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