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Reserve Bank of India Act, 1934 & NBFC regulation MCQs with Answers

Practise Reserve Bank of India Act, 1934 & NBFC regulation and check your answers.

Question 1

Reserve Bank of India has been constituted under the:

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Question 2

Which section of the Reserve Bank of India Act, 1934 was amended by the Information Technology Act, 2000 to provide for regulation of fund transfers through electronic means?

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Question 3

How does section 49 of the Reserve Bank of India Act, 1934 define the Bank Rate?

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Question 4

Which RBI operation defines the Bank Rate under section 49 of the Reserve Bank of India Act, 1934?

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Question 5

Under which instrument was the Reserve Bank of India constituted?

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Question 6

Which institution is India’s central bank?

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Question 7

How does the Reserve Bank of India Act, 1934 describe the Bank Rate published under section 49?

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Practise for these exams

  • Punjab Judicial Services

  • Uttarakhand Judicial Services

  • Uttar Pradesh Judicial Services (UP PCS-J)