CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who signed the ordinance giving more power to the Reserve Bank of India(RBI) recently?
A
Mr Arun Jaitley
B
Mr.Suresh Prabhu
C
President Pranab Mukherjee
D
Mr Vijan Seshan
Explanation: 

Detailed explanation-1: -Shaktikanta Das is the present RBI Governor, appointed for a period of three years.

Detailed explanation-2: -The Banking Regulation Act, 1949 empowers the Reserve Bank of India to inspect and supervise commercial banks. The Reserve Bank of India Act, 1934 requires the Central Government to entrust the Reserve Bank with all its money, remittance, exchange and banking transactions in India and the management of its public debt.

Detailed explanation-3: -The committee had written to Prime Minister Narendra Modi about the “measures to be taken to tackle the problem of black money in India”. It had also marked a copy of the letter to the then finance minister Arun Jaitley and RBI governor Rajan.

Detailed explanation-4: -The Governor of the RBI draws his power from the RBI Act.

There is 1 question to complete.