Multiple choice

Banks submit various returns to RBI under RBI Act or BR Act. Which of the following is not one of such returns?

  1. Monthly return of liquid assets u/s 24(3) of BR Act

  2. Quarterly return of NPA advances u/s 42 of RBI Act

  3. Return of unclaimed deposits u/s 26 of BR Act

  4. Fortnightly return on cash reserves u/s 42 of RBI Act
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B Correct answer
Explanation

Various forms/returns are given in the Banking Regulation (Co-operative Societies) Rules, 1966. All the mentioned returns, except quarterly return of NPA advances u/s 42 of RBI Act, are the various returns submitted to RBI. 

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