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Friday, 2 June 2017

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Q.Which of the following allowed the investors to buy mutual fund through digital wallets?
A. Stock Exchange board of India (SEBI)
B. Financial analysis department
C. Monitoring Mutual Fund Investments
D. Credit Rate List department
Answer: Option A

Explanation:

Stock Exchange board of India (SEBI) allowed the investors to buy mutual fund schemes up to Rs 50,000 through digital wallets. This move is to promote digital payments in the MF industry and channelise household savings into the capital market.

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