Under Section 2(1) of the Banning of Unregulated Deposit Schemes Act, 2019, for the Union Territory of…
Section 2(1) defines "appropriate Government" and, for the Union territory of Delhi, names the Government of that Union territory. The Central Government is not the…
Choose your answer
Under Section 2(1) of the Banning of Unregulated Deposit Schemes Act, 2019, for the Union Territory of Delhi, the "appropriate Government" is:
Answer and explanation
Correct answer A
Section 2(1) defines "appropriate Government" and, for the Union territory of Delhi, names the Government of that Union territory. The Central Government is not the appropriate Government for Delhi under this clause, and the Reserve Bank is a Regulator, not a Government.