41. The RBI has the authority to issue licenses for the establishment of new banks in India. True or False?
Answer: True
42. The RBI conducts regular inspections of banks to assess their financial health and risk management practices. True or False?
Answer: True
43. The RBI is responsible for regulating and supervising the activities of non-banking financial companies (NBFCs) in India. True or False?
Answer: True
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?
Answer: True
45. The RBI has the power to issue directions to banking institutions to ensure compliance with its regulations and guidelines. True or False?
Answer: True
