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An incomplete application for authorisation is:
AReissued
BReturned
CRetained
DReworked
Answer & Solution
Correct answer: B. Returned
1. The same applies if minimum capital is not met.
2. It also applies if the form is not the prescribed one.
3. Such an application will be returned.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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