SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    The Reserve Bank of India, regulates the commercial banks in matters of
    1. Liquidity of assets
    2. Branch expansion
    3. Merger of banks
    4. winding-up of banks
    Select the correct answer using the codes given below.

    A)  1 and 4 only    

    B)  2, 3 and 4 only

    C)  1, 2 and 3 only

    D)  1, 2, 3 and 4

    Correct Answer: D

    Solution :

    [d] To do a business of commercial banking in India, whether it is Indian or Foreign, a license from RBI is required. Opening of Branches is handled by the Branch Authorization Policy. This policy was made easier in recent times and an important provision is that: Indian banks no longer require a license from the Reserve Bank for opening a branch at a place with population of below 50,000.

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