Banking Awareness Test Questions

Q.  Which of the following is true about the restrictions on RBI?

(i) It is not to compete with the commercial banks.
(ii) It is not allowed to pay interest on its deposits.
(iii) It cannot engage directly or indirectly in trade.
(iv) It cannot acquire or advice loans against immovable property.
(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.


a. Only (i),(ii),(iii), and (iv)
b. Only (v)
c. All the above
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
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