Which is incorrect with regard to powers of RBI:

Related MCQs

• Consider these Statement I – Other than Rs. 1000 note, the security threads of the banknotes contain the word ‗Bharat‘ in Devanagari script and ‗RBI‘ alternatively. Statement II – In Rs. 1000 note, the security contains the word ‗Bharat‘ in Devanagari ‗1000‘, and ‗RBI‖.
• Consider these statements:- Statement I – RBI decides volume and value of banknotes to be Statement II – RBI decides volume and value coins to be minted.
• Who among the following is the guardian of the PFRDA, subject to his Financial Emergency Powers, as per the Articles of Indian Constitution?
• What is the rate at which commercial banks charge on their surplus funds with RBI?
• At which rate the RBI lends money to a public sector bank on a long term basis?
• Which of the following rates is not decided by the RBI?
• Recently, Yeldi Softcom received a licence for RBI to set up which of the following?
• RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms?
• Under which act does RBI issue directives to banks?
• On the basis of which commission was RBI established?