Economics · Banking System
Which of the following best explains the concept of Shadow Banking System?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1International banking operations by Indian banks
- 2Non-bank financial intermediaries that provide services similar to traditional commercial banks outside normal banking regulations✓
- 3Cooperative banking system in rural areas
- 4Banking activities regulated fully by RBI
Correct answer
Non-bank financial intermediaries that provide services similar to traditional commercial banks outside normal banking regulations
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