Vidyalelo
Commerce · Q851

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 851

Q851

The section 19 of the RBI Act, 1934 states that the Reserve Bank of India has been prohibited from:

A.
making loans or advances
B.
drawing or accepting bills payable otherwise than on demand
C.
allowing interest on deposits or current accounts
D.
all of the above
Answer

Answer: Option D

Solution

Answer: Option D
No explanation is given for this question Let's Discuss on Board