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The term ‘narrow banking’ is best described as :a)Banks acting only as payment banksb)Banking by non-banking financial companiesc)Limited areas of operation by banksd)Banks lending only to risk free sectorsCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term ‘narrow banking’ is best described as :a)Banks acting only as payment banksb)Banking by non-banking financial companiesc)Limited areas of operation by banksd)Banks lending only to risk free sectorsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term ‘narrow banking’ is best described as :a)Banks acting only as payment banksb)Banking by non-banking financial companiesc)Limited areas of operation by banksd)Banks lending only to risk free sectorsCorrect answer is option 'D'. Can you explain this answer?.

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