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Reported Question / Answer
Q.) As per the reports in various newspapers, many private companies are trying to obtain the licences to launch a banking company in India. Which of the following organizations / agencies issues the licence for the same ?
1)
Securities and Exchange Board of India (SEBI)
2)
Indian Institute of Banking and Finance (IIBF)
3)
Indian Banks’ Association
4)
Registrar of Companies
5)
Reserve Bank of India
Answer :
5
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