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Commerce · Q349

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 349

Q349

The amendment to Section 41 of Reserve Bank of India Act, 1934 was carried out of the purpose of:

A.
RBI's decision to do away payment of interest on CRR balances
Answer
B.
empowering NGOs involved in environmental protection
C.
asking banks/financial institutions not to use coercive methods for recovery of loans
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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