Factoring appeared on the Indian Financial scene only in the early ________ as a result of RBI initiatives.

Sixties

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Nineties

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Seventies

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Eighties

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Solution

The correct option is C Nineties
Factoring is a a financial service which is provided by the factor, it renders various services which include discounting of bills and collection of client's debts, providing information about credit worthiness of a prospective client. Factoring appeared on the Indian financial scene only in the early nineties as a result of RBI initiatives.

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