1.

Read the following statements carefully:1.Systematically important non-deposit taking NBFCs offering foreign exchange transactions on individual accounts will be eligible to obtain Authorised Dealer (AD) Category-II licence from it.2.AD-Cat II means entities that are authorised by the RBI to deal in foreign exchange for specified purposes.3.These include upgraded full-fledged money changers (FFMCs), and select regional rural banks.Which of the above statements is/are correct?

A. Only 1
B. Only 1 and 2
C. Only 1 and 3
D. Only 2 and 3
E. All are correct
Answer» F.


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