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    Question

    Who issues surety bonds in India to provide financial

    guarantees in contracts and projects?  
    A Scheduled Banks Correct Answer Incorrect Answer
    B Insurance Companies Correct Answer Incorrect Answer
    C NBFCs Correct Answer Incorrect Answer
    D Cooperative Societies Correct Answer Incorrect Answer
    E Government Authorities Correct Answer Incorrect Answer

    Solution

    Surety bonds are issued by insurance companies to ensure contractual obligations are fulfilled, reducing financial risks.

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