Which among the following group best fits in a definition of a shadow banking system?

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Question:Which among the following group best fits in a definition of a shadow banking system?

1.Scheduled Commercial Banks, Non Banking Finance Companies, Hedge Funds

2.Non banking Finance Companies, Investment banks, Hedge funds

3.Scheduled Commercial Banks, Private Banks and NBFCs

4.Scheduled Commercial banks, Cooperative Banks and Investment Banks

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  1. Which among the following group best fits in a definition of a shadow banking system?
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