Q. The ‘Angadia system’ which is seen in the news, is associated with which sector?
Answer:
Banking system
Notes: The Angadia system is an old parallel banking system in the country where traders send cash from one state to another through a person called ‘Angadia’.
It is mostly used in the jewellery business in the Mumbai – Surat route as they are two ends of the diamond trade. It is seen in the news as an Angadias shop in Mumbai was looted by a gang of robbers.