Economics · Banking and Finance
With reference to Universal Banks in India, consider the following statements: 1. They can undertake both retail and wholesale banking activities under a unified framework. 2. They are regulated by the Reserve Bank of India under the Banking Regulation Act. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 22 only
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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