1.

Which of the following statements are true with reference to Islamic Banking:nI. Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam.nII. The Reserve Bank of India has decided not to pursue a proposal for introduction of Islamic banking in the country.nIII. The issue of introduction of Islamic banking in India was proposed by former RBI Governor Raghuram Rajan.

A. Only II
B. II and III
C. I and III
D. All of the above
Answer» E.


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