The main object of the Banning of Unregulated Deposit Schemes Act, 2019 is to:
The Banning of Unregulated Deposit Schemes Act bans Unregulated Deposit Schemes and prohibits deposit takers from promoting or accepting deposits under them, so its main…
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The main object of the Banning of Unregulated Deposit Schemes Act, 2019 is to:
Answer and explanation
Correct answer B
The Banning of Unregulated Deposit Schemes Act bans Unregulated Deposit Schemes and prohibits deposit takers from promoting or accepting deposits under them, so its main object is banning unregulated deposit schemes, not promoting banking, nationalising institutions, or regulating stock exchanges.