C. Credit intermediation involving entities and activities outside the regular banking system
D. Only the activities of commercial banks
Answer: Option C
Solution (By JKSSB Mock Tests)
Shadow banking comprises non-bank financial intermediaries and activities that perform bank-like functions—maturity, credit and liquidity transformation—but operate with less regulation and without direct access to central-bank liquidity.
Explanation:
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.
Explanation:
Special Drawing Rights are an international reserve asset created by the International Monetary Fund to supplement member countries' official reserves.
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