Current Affairs · Financial Inclusion & Fintech
What is the primary function of an 'NBFC-Account Aggregator' (NBFC-AA)?
- 1To manage the foreign exchange reserves of the country
- 2To act as a clearing house for inter-bank transactions
- 3To collect and provide information about a customer's financial assets in a consolidated manner✓
- 4To provide high-interest loans to rural sectors
Correct answer
To collect and provide information about a customer's financial assets in a consolidated manner
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