Which of the following societies is included within "deposit taker" under the Banning of Unregulated…
Section 2(6)(viii) includes "a co-operative society or a multi-State co-operative society" among deposit takers. Both kinds are covered, while a co-operative bank or…
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Which of the following societies is included within "deposit taker" under the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer B
Section 2(6)(viii) includes "a co-operative society or a multi-State co-operative society" among deposit takers. Both kinds are covered, while a co-operative bank or multi-State co-operative bank is left out of the definition.