Which among the following is not true with regard to merchant banker?
1. It can accept deposits.
2. It can advance loans.
3. It can do other banking activities.
4. It can be manager to a public issue.
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 3 and 4
D. 2 and 4
Answer: Option A

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