Which of the following are subsidiaries of RBI? a. National Housing Bank (NHB) b. National Bank for…
In 2022 the Reserve Bank's wholly owned subsidiaries included the Deposit Insurance and Credit Guarantee Corporation (DICGC) and Bharatiya Reserve Bank Note Mudran Private…
Choose your answer
Which of the following are subsidiaries of RBI?
a. National Housing Bank (NHB)
b. National Bank for Agriculture and Rural Development (NABARD)
c. Export Import Bank (EXIM Bank)
d. Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
e. Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
Answer and explanation
Correct answer B
In 2022 the Reserve Bank's wholly owned subsidiaries included the Deposit Insurance and Credit Guarantee Corporation (DICGC) and Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), along with ReBIT, IFTAS and the Reserve Bank Innovation Hub. The RBI's entire stake in NABARD and in the National Housing Bank was transferred to the Government of India in 2019, so neither was an RBI subsidiary any longer. EXIM Bank has always been wholly owned by the Government of India, which rules out every set that includes it.
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