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Which disqualifies a person under the fit and proper test?

AUndisclosed inheritance
BUnclaimed insurance
CUnaudited investment
DUndischarged insolvency
Answer & Solution
Correct answer: D. Undischarged insolvency
1. Conviction for an economic offence disqualifies. 2. So does a regulator's debarment order still in force. 3. Being declared insolvent and not discharged does too. _Source: RBI Master Directions on Authorisation to operate a Payment System_
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