Under the Banning of Unregulated Deposit Schemes Act, 2019, periodic payments made by members of…
Section 2(4)(j) excludes "any periodic payment made by the members of the self-help groups" operating within such ceilings as may be prescribed by the State Government or…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, periodic payments made by members of self-help groups are excluded from "deposit" if:
Answer and explanation
Correct answer B
Section 2(4)(j) excludes "any periodic payment made by the members of the self-help groups" operating within such ceilings as may be prescribed by the State Government or Union territory Government. The ceiling is set by that Government, not by the Reserve Bank or NABARD.