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Byju's Answer
Standard XI
Business Studies
Traditional Business vs eBusiness
Which of the ...
Question

Which of the following was the reason Reserve Bank of India Drafted circular for Public comments on “Limited Liability” for customers?

A
Frauds in Internet Banking and Card transactions
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B
Misbehaviour of Customers in Banking
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C
Fraudulent in availing Loans
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D
Wrong declaration of Information
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E
Unnecessary collection of penalties by the banks
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Solution

The correct option is A Frauds in Internet Banking and Card transactions
RBI had come up with a Draft Circular for public comments on “Limited Liability” for customers in case of frauds in Internet Banking and Card transactions.

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