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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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