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The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
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What is the main objective of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978?
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A
To ban prize chit and money circulation schemes.
💡 Explanation:
The main objective of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 is to ban prize chit and money circulation schemes, which are considered to be a form of gambling and can be harmful to the economy.