36. The RBI has the authority to take corrective actions, such as imposing restrictions or placing banks under prompt corrective action (PCA), if they fail to meet regulatory requirements. True or False?
37. The RBI has the power to conduct investigations and inspections of banks to prevent fraud and non-compliance with regulations. True or False?
38. The RBI issues and manages the unique identification number system (Aadhaar) in India. True or False?
39. The RBI is responsible for regulating and supervising payment systems in India, including digital payment platforms and clearing houses. True or False?
40. The RBI’s regulations require banks to maintain a minimum percentage of their assets in the form of cash reserves with the RBI. What is this requirement called?
a) Capital adequacy ratio
b) Statutory liquidity ratio (SLR)
c) Cash reserve ratio (CRR)
d) Priority sector lending requirement
e) None of the above
