Major Provisions of RBI Act

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11. The RBI Act gives the RBI the power to inspect and regulate which entities?

a) Commercial banks

b) Non-banking financial companies (NBFCs)

c) Both commercial banks and NBFCs

d) None of the above

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12. Which section of the RBI Act prohibits the disclosure of information regarding the affairs of customers of the RBI?

a) Section 2

b) Section 10

c) Section 35

d) Section 45

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13. The RBI Act allows the RBI to establish and maintain which institution for the promotion and development of specialized financial institutions?

a) National Bank for Agriculture and Rural Development (NABARD)

b) Small Industries Development Bank of India (SIDBI)

c) Export-Import Bank of India (EXIM Bank)

d) All of the above

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14. Under the RBI Act, the RBI has the authority to regulate and supervise which financial markets?

a) Money market

b) Government securities market

c) Foreign exchange market

d) All of the above

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15. The RBI Act allows the RBI to issue which type of licenses to banks for carrying on banking business in India?

a) Commercial licenses

b) Banking licenses

c) Payment licenses

d) All of the above

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