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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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