Discussion
"Establishment and incorporation of Reserve Bank" has been discussed in which section of The Reserve Bank of India Act-1934?
Answer: D
The establishment and incorporation of the Reserve Bank are provided for in Section 3 of the Reserve Bank of India Act, 1934, which says that a bank to be called the Reserve Bank of India is constituted to take over the management of the currency from the Central Government and to carry on the business of banking under the Act. It is a body corporate with perpetual succession and a common seal.
Section 8 deals with the composition of the Central Board, Section 9 with the Local Boards, and Section 11 with disqualifications of directors. These sections follow the one that establishes the Bank.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development