Multiple choice

Which of the following is not correct?

  1. Section 21 of Banking Regulation Act authorizes RBI to issue guidelines on credit by banks.

  2. Section 35-A of BR Act authorizes RBI to issue directives to banks in public interest.

  3. Section 26 of BR Act stipulates submission of loan related statements by bank to RBI.

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Section 26 of BR Act is about the ‘return of unclaimed deposits’. Thus, option 3 is the correct answer.

Keep practicing — related questions