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To tackle the menace of illicit deposit taking activities across India, Central Government has approved a new bill called ______________?
  • a)
    Fraudulent default Deposit Schemes Bill, 2017
  • b)
    Fraudulent default Deposit Schemes Bill, 2018
  • c)
    Banning of Unregulated Deposit Schemes Bill, 2017
  • d)
    Banning of Unregulated Deposit Schemes Bill, 2018
  • e)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
To tackle the menace of illicit deposit taking activities across India...
In a bid to protect the savings of the investors, Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to introduce Banning of Unregulated Deposit Schemes Bill, 2018 and Chit Funds (Amendment) Bill, 2018 in Parliament. Main objective to introduce this bill is to tackle the menace of illicit deposit taking activities across India by plugging the existing regulatory gaps and implement strict administrative measures. The bill contains a banning clause which bans Deposit Takers from promoting, issuing advertisements, operating and accepting deposits in any Unregulated Deposit Scheme. Running of Unregulated Deposit Schemes, fraudulent default in Regulated Deposit Schemes, and wrongful inducement in relation to Unregulated Deposit Schemes have been categorised as punishable offences.
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Most Upvoted Answer
To tackle the menace of illicit deposit taking activities across India...
Option "D"
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To tackle the menace of illicit deposit taking activities across India, Central Government has approved a new bill called ______________?a)Fraudulent default Deposit Schemes Bill, 2017b)Fraudulent default Deposit Schemes Bill, 2018c)Banning of Unregulated Deposit Schemes Bill, 2017d)Banning of Unregulated Deposit Schemes Bill, 2018e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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To tackle the menace of illicit deposit taking activities across India, Central Government has approved a new bill called ______________?a)Fraudulent default Deposit Schemes Bill, 2017b)Fraudulent default Deposit Schemes Bill, 2018c)Banning of Unregulated Deposit Schemes Bill, 2017d)Banning of Unregulated Deposit Schemes Bill, 2018e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about To tackle the menace of illicit deposit taking activities across India, Central Government has approved a new bill called ______________?a)Fraudulent default Deposit Schemes Bill, 2017b)Fraudulent default Deposit Schemes Bill, 2018c)Banning of Unregulated Deposit Schemes Bill, 2017d)Banning of Unregulated Deposit Schemes Bill, 2018e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for To tackle the menace of illicit deposit taking activities across India, Central Government has approved a new bill called ______________?a)Fraudulent default Deposit Schemes Bill, 2017b)Fraudulent default Deposit Schemes Bill, 2018c)Banning of Unregulated Deposit Schemes Bill, 2017d)Banning of Unregulated Deposit Schemes Bill, 2018e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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