GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is true about the restrictions on RBI?
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It is not to compete with the commercial banks.
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It cannot acquire or advice loans against immovable property.
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It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
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All of the above
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Explanation:
Detailed explanation-1: -finance companies are regulated by RBI.
Detailed explanation-2: -It is not allowed to pay interest on its deposits. It cannot engage directly or indirectly in trade. It cannot also acquire or advice loans against immovable property. It is also prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
There is 1 question to complete.