21. The RBI Act empowers the RBI to establish and maintain which institution for the recovery of loans?
a) Debt Recovery Tribunal (DRT)
b) Assets Reconstruction Company (ARC)
c) National Company Law Tribunal (NCLT)
d) All of the above
22. Which section of the RBI Act provides the RBI with the power to regulate the remuneration of the directors and other officers of banking companies?
a) Section 10
b) Section 35
c) Section 46
d) Section 58
23. The RBI Act requires the RBI to submit an annual report to:
a) President of India
b) Prime Minister of India
c) Parliament of India
d) Supreme Court of India
24. Which section of the RBI Act establishes the central board of directors of the RBI?
a) Section 8
b) Section 10
c) Section 13
d) Section 15
25. The RBI Act prohibits the circulation of which currency notes issued prior to 2005?
a) Rs. 5 and Rs. 10 notes
b) Rs. 10 and Rs. 20 notes
c) Rs. 50, Rs. 100, Rs. 500, and Rs. 1000 notes
d) All currency notes issued prior to 2005
