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Banking Awareness · Q1

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 1

Q1

Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:

A.
2 years
B.
4 years
C.
5 years
Answer
D.
6 years

Answer: Option C

Solution

Answer: Option C
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