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Which of the following is incorrectly stated regarding the Chit Funds?a)They are a mechanism that separates credit and savings in a scheme.b)The terms ‘’fraternity fund’ and ‘rotating savings and credit institution’ are related to chit Funds.c)A group of individuals come together for a predetermined duration in chit funds.d)Subscribers subscribe to a certain sum of money by way of periodical instalments.Correct answer is option 'A'. 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 Which of the following is incorrectly stated regarding the Chit Funds?a)They are a mechanism that separates credit and savings in a scheme.b)The terms ‘’fraternity fund’ and ‘rotating savings and credit institution’ are related to chit Funds.c)A group of individuals come together for a predetermined duration in chit funds.d)Subscribers subscribe to a certain sum of money by way of periodical instalments.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is incorrectly stated regarding the Chit Funds?a)They are a mechanism that separates credit and savings in a scheme.b)The terms ‘’fraternity fund’ and ‘rotating savings and credit institution’ are related to chit Funds.c)A group of individuals come together for a predetermined duration in chit funds.d)Subscribers subscribe to a certain sum of money by way of periodical instalments.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Which of the following is incorrectly stated regarding the Chit Funds?a)They are a mechanism that separates credit and savings in a scheme.b)The terms ‘’fraternity fund’ and ‘rotating savings and credit institution’ are related to chit Funds.c)A group of individuals come together for a predetermined duration in chit funds.d)Subscribers subscribe to a certain sum of money by way of periodical instalments.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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