Major Provisions of RBI Act

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36. Which section of the RBI Act allows the RBI to accept deposits from banking companies and any other person?

a) Section 9A

b) Section 35

c) Section 45

d) Section 50

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37. The RBI Act allows the RBI to establish and maintain which institution for the development and regulation of the money market in India?

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

b) Small Industries Development Bank of India (SIDBI)

c) National Housing Bank (NHB)

d) None of the above

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38. Which section of the RBI Act provides the RBI with the power to specify the maximum amount of loan that can be granted by banking companies?

a) Section 45

b) Section 20

c) Section 35

d) Section 52

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39. The RBI Act prohibits the RBI from being held liable for the indebtedness of which entity?

a) Central Government

b) State Governments

c) Commercial banks

d) All of the above

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40. Which section of the RBI Act allows the RBI to prescribe the percentage of cash reserves that banks must maintain with the RBI?

a) Section 25

b) Section 33

c) Section 41

d) Section 55

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