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Discussion :: Banking Awareness

  1. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:

    2. A.

     Indian Contract Act
    B.

     SARFAESI Act
    C.

     Government Notification
    D.

     Banking Regulation Act

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    Answer : Option D

    Explanation :

    Explanation Not Provided

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