MCQOPTIONS
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| 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. | |