Under Section 7(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority is…
Under section 7(1) of the BUDS Act, the appropriate Government appoints the Competent Authority, not the Supreme Court, Reserve Bank of India or Parliament.
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Under Section 7(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority is appointed by:
Answer and explanation
Correct answer C
Under section 7(1) of the BUDS Act, the appropriate Government appoints the Competent Authority, not the Supreme Court, Reserve Bank of India or Parliament.