AFCAT I 23 Jan 2025 Shift 1 Paper

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Question : 64 of 100

Marks: +1, -0

A financial institution can be a banking institution only when it __________.

performs both the functions of ‘accepting deposits’ and ‘advancing loans’
performs the function of ‘accepting deposits’ and not ‘advancing loans’
neither performs the function of ’accepting deposits’ nor of ‘advancing loans’
performs the function of ‘advancing loans’ and not ‘accepting deposits’

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