Major Provisions of RBI Act

WhatsApp Channel Join Now
Telegram Group Join Now

46. Under the RBI Act, who has the authority to determine the salaries, allowances, and other terms of service of the employees of the RBI?

a) Central Government

b) President of India

c) Governor of RBI

d) Parliament of India

View Answer >

47. Which section of the RBI Act provides for the establishment and regulation of the Securities and Exchange Board of India (SEBI)?

a) Section 30

b) Section 36

c) Section 45Z

d) Section 55B

View Answer >

48. The RBI Act allows the RBI to appoint auditors for conducting the audit of which entities?

a) Commercial banks

b) Non-banking financial companies (NBFCs)

c) Both commercial banks and NBFCs

d) None of the above

View Answer >

49. Which section of the RBI Act provides for the appointment of a deputy governor as the ex-officio chairman of the National Housing Bank (NHB)?

a) Section 5A

b) Section 7

c) Section 10

d) Section 53

View Answer >

50. The RBI Act allows the RBI to issue licenses to which type of financial institution for conducting currency exchange business in India?

a) Authorised dealer category I banks

b) Authorised dealer category II banks

c) Money changers

d) All of the above

View Answer >
WhatsApp Channel Join Now
Telegram Group Join Now
                                                   

Leave a Comment

telegram Join Telegram
Join Now Join Now