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    Question

    A banking company has to submit to Reserve Bank under

    Section 25(1) of the Banking Regulation Act, a return regarding its assets in India. The frequency of filing such return is:
    A Monthly Correct Answer Incorrect Answer
    B Quarterly Correct Answer Incorrect Answer
    C Yearly Correct Answer Incorrect Answer
    D Bi-monthly Correct Answer Incorrect Answer
    E Fortnightly Correct Answer Incorrect Answer

    Solution

    A banking company has to submit to Reserve Bank under Section 25(1) of the Banking Regulation Act, a quarterly return regarding its assets in India. The return has to be submitted within one month of the end of the quarter.

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