Under the Prevention of Money-laundering Act, 2002, "housing finance institution" is defined under:
Section 2(1)(m) gives "housing finance institution" the meaning assigned to it in clause (d) of section 2 of the National Housing Bank Act, 1987, not the Banking Regulation…
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Under the Prevention of Money-laundering Act, 2002, "housing finance institution" is defined under:
Answer and explanation
Correct answer A
Section 2(1)(m) gives "housing finance institution" the meaning assigned to it in clause (d) of section 2 of the National Housing Bank Act, 1987, not the Banking Regulation Act, the RBI Act, or the Companies Act.