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Commerce · Q559

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 559

Q559

Which one of the following statement is incorrect?

A.
Till 1942, RBI was the currency issuing authority of Burma (now Myanmar)
B.
National Housing Bank (NHB) is the fully owned subsidiary of RBI
C.
RBI is the king pin of the Indian gold market
Answer
D.
RBI can provide any direct financial assistance to any industry, trade or business

Answer: Option C

Solution

Answer: Option C
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