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MUDRA Bank is a subsidiary of SIDBI. But it will be converted into a __ by passing a Parliament Act.

1. BANK
2. Subsidiary of RBI
3. Subsidiary of NABARD
4. Subsidiary of BCSBI

Correct answer: BANK

Solution

MUDRA was initially set up as a subsidiary of SIDBI. The intended conversion through legislation is into a bank, so the correct option is BANK.

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