26. Under the RBI Act, who has the authority to supersede the central board of directors of the RBI?
a) President of India
b) Prime Minister of India
c) Central Government
d) Supreme Court of India
27. The RBI Act allows the RBI to act as the banker and debt manager to which entity?
a) Central Government
b) State Governments
c) Both the Central and State Governments
d) Local Municipal Corporations
28. Which section of the RBI Act specifies the penalty for improper disclosure or use of confidential information by directors, officers, or employees of the RBI?
a) Section 35
b) Section 17
c) Section 47
d) Section 59
29. The RBI Act grants the RBI the power to issue licenses to which type of financial institution for conducting their business in India?
a) Non-banking financial companies (NBFCs)
b) Insurance companies
c) Mutual funds
d) All of the above
30. Which section of the RBI Act provides the RBI with the power to carry out inspections and audits of banks?
a) Section 5
b) Section 11
c) Section 27
d) Section 45
