BNK · S01Revision: Introduction to ‘Banking’, Modern Banking System, Key Financial terms, Types of Banks & Financial InstitutionsAsked in 7 of 7 papers (Jun ’22, Dec ’22, Jun ’23, Dec ’23, Jun ’24, Jan ’25, Jun ’25)
Under the Banking Regulation Act, 1949: A banking company proposes four transactions. Which one most clearly falls within the stated exceptions to section 8’s prohibition on trading in goods?
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ABuying refrigerators wholesale for routine resale to retail customers at a margin
BSelling defaulted-borrower machinery held as security to realise the bank’s secured claim
COperating a permanent commodity brokerage unrelated to bills received for collection or negotiation
DBartering office equipment for consumer goods as a recurring independent business line
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