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Get access to the detailed solutions to the previous years questions asked in IIFT exam
In the third and fourth paragraphs, the author explains how UK authorities had extended deposit insurance across board to all deposits in the UK banking system and how those policies would have yielded counterproductive results had India adopted those policies. From this, we can conclude that Domestic conditions are typical to every country and applying solutions from other countries creates confusion.
Hence, option C is the correct answer.