Major Provisions of RBI Act

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41. The RBI Act provides for the establishment of which institution under the RBI to address grievances of customers of banking services?

a) Banking Ombudsman

b) Consumer Dispute Redressal Forum

c) Insurance Ombudsman

d) All of the above

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42. Which section of the RBI Act provides for the issuance of licenses to entities for carrying on the business of a non-banking financial institution?

a) Section 6

b) Section 10

c) Section 45

d) Section 54

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43. The RBI Act allows the RBI to grant loans to which entity in case of emergency?

a) Central Government

b) State Governments

c) Public Sector Undertakings (PSUs)

d) All of the above

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44. Which section of the RBI Act allows the RBI to make regulations with respect to the acceptance and repayment of the deposits by banking companies?

a) Section 35A

b) Section 22

c) Section 40

d) Section 57

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45. The RBI Act provides for the establishment and operation of which institution under the RBI to maintain payment and settlement systems?

a) National Payments Corporation of India (NPCI)

b) Clearing Corporation of India Limited (CCIL)

c) Bharat Bill Payment System (BBPS)

d) All of the above

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