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    Question

    Recently RBI has imposed penalty on 14 commercial banks,

    which of the following section of Banking regulation act 1949 empower RBI to impose penalty?
    A Section 19 Correct Answer Incorrect Answer
    B Section 20 Correct Answer Incorrect Answer
    C Section 44 Correct Answer Incorrect Answer
    D Section 47 A Correct Answer Incorrect Answer
    E Section 49 B Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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