16. Which section of the RBI Act empowers the RBI to determine and regulate the policy relating to advances by banking companies?
a) Section 21
b) Section 35
c) Section 45
d) Section 53
17. The RBI Act gives the RBI the power to regulate the rate of interest payable by banks on which type of deposits?
a) Savings deposits
b) Fixed deposits
c) Current deposits
d) All of the above
18. Which section of the RBI Act states that the issued currency notes of the RBI are the liabilities of the RBI?
a) Section 10
b) Section 22
c) Section 26
d) Section 28
19. The RBI Act provides for the establishment and regulation of which type of accounts held by individuals and entities in India?
b) Current accounts
c) Saving accounts
d) All of the above
20. Under the RBI Act, who has the authority to issue directions to banks in the public interest or to prevent the affairs of any banking company from being conducted in a manner detrimental to the interest of the depositors or in a manner prejudicial to the interests of the banking system?
a) Governor of RBI
b) Deputy Governor of RBI
c) Central Government
d) President of India
