The Prize Chits and Money Circulation Schemes (Banning) Act, 1978

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Question 1 of 5

What is the main objective of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978?

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To promote prize chit and money circulation schemes.

To regulate prize chit and money circulation schemes.

To ban prize chit and money circulation schemes.

To provide legal framework for prize chit and money circulation schemes.

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