Multiple choice

Which of the following sections of the respective Act covers the SLR?

  1. Section 24 (2A) of BRA 1949

  2. Section 23 of BRA 1949

  3. Section 27 of RBI Act

  4. Section 24 (2) of RBI Act

  5. Section 23 of BRA 1951
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A Correct answer
Explanation

The question asks about the legal section covering SLR (Statutory Liquidity Ratio) in Indian banking regulation. The Banking Regulation Act (BRA) 1949, Section 24(2A) specifies the SLR requirements that banks must maintain. This is a factual question about banking law.

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