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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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