alleryStart learning →Under the Deposits Rules, money from the Central Government is treated as?
AExcluded from deposits
BCounted only if above Rs 1 crore
CCounted as a public deposit
DCounted only if unsecured
Answer & Solution
Correct answer: A. Excluded from deposits
Rule 2(1)(c)(i) excludes amounts received from the Central or a State Government from the meaning of deposit.
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