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      Question

      What does ‘on-tap licensing’ provided by the Reserve

      Bank of India mean?
      A The RBI window for granting banking licences will be open only on specific dates. Correct Answer Incorrect Answer
      B The RBI window for granting banking licences will open only when a proposal arises. Correct Answer Incorrect Answer
      C The RBI window for granting banking licences will be open throughout the year. Correct Answer Incorrect Answer
      D The RBI window for granting banking licences will open only from March-July. Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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