India banned unregulated deposit schemes through an Act passed in the year ........

Current (GK) (CGL) Policy and Programmes

India banned unregulated deposit schemes through an Act passed in the year ______.

This questions was previously asked in

SSC CGL 13th April 2022 Shift-2

2018

2017

2016

2019

- The Indian government aimed to protect investors from fraudulent schemes.

- An act was introduced to curb unregulated deposit schemes.

- Option 1: 2018

- Incorrect. The act was not passed in this year.

- Option 2: 2017

- Incorrect. No such legislation was passed in this year.

- Option 3: 2016

- Incorrect. This year does not relate to the act in question.

- Option 4: 2019

- Correct! The Banning of Unregulated Deposit Schemes Act was passed in 2019.

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