Which of the following statement(s) is/are correct about the “Advisory Board for Banking Frauds” (ABBF) which was recently constituted? 1. The ABBF has been set up by the RBI based on the recommendation of the Urjit Patel Committee to conduct investigations on banking fraud. 2. State-run banks will now need to report all cases of large frauds to ABBF. Select the correct answer using the codes given below: - Study24x7
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Which of the following statement(s) is/are correct about the “Advisory Board for Banking Frauds” (ABBF) which was recently constituted? 1. The ABBF has been set up by the RBI based on the recommendation of the Urjit Patel Committee to conduct investigations on banking fraud...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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