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    Question

    Identify the correct statement with respect to IFSCA

    (Banking) Regulations 2020?
    A Lender of last resort facility will be available to banking units. Correct Answer Incorrect Answer
    B Cash transaction in foreign currency accounts will be permitted. Correct Answer Incorrect Answer
    C There is a centralized deposit insurance scheme available to banking units. Correct Answer Incorrect Answer
    D Both A and B Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Lender of last resort facility is not available to banking units, Cash transaction in foreign currency accounts is not permitted, there is a no centralized deposit insurance scheme available to banking units. So all the statement are incorrect.

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