RBI Functions – Regulation of Banks

41. The RBI has the authority to issue licenses for the establishment of new banks in India. True or False?

42. The RBI conducts regular inspections of banks to assess their financial health and risk management practices. True or False?

43. The RBI is responsible for regulating and supervising the activities of non-banking financial companies (NBFCs) in India. True or False?

44. The RBI issues guidelines and regulations for risk management in banks, including measures to prevent and detect money laundering and terrorist financing. True or False?

45. The RBI has the power to issue directions to banking institutions to ensure compliance with its regulations and guidelines. True or False?