Which section of the Reserve Bank of India Act, 1934 was amended by the Information Technology Act,…
The Information Technology Act, 2000 amended Section 58(2) of the Reserve Bank of India Act, 1934. Its Fourth Schedule inserted clause (pp), which authorises regulations for…
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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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Correct answer B
The Information Technology Act, 2000 amended Section 58(2) of the Reserve Bank of India Act, 1934. Its Fourth Schedule inserted clause (pp), which authorises regulations for electronic fund transfers between banks or between banks and specified financial institutions.
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