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Q:

A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity?

A) Chit Funds B) Shell companies
C) Nidhi Companies D) Indigenous Bankers

Answer:   B) Shell companies



Explanation:

A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity is known as shell companies.

Subject: General Awareness
Exam Prep: Bank Exams
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