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      Question

      Banks are authorized to sell third party products. Which

      are these products?
      A Mutual funds Correct Answer Incorrect Answer
      B Term deposits Correct Answer Incorrect Answer
      C Credit cards Correct Answer Incorrect Answer
      D Gift cheques Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Banks act as agents for Asset Management Companies (AMCs) to distribute different types of mutual fund schemes (equity, debt, hybrid, etc.) to their customers, allowing for investment diversification.

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