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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.

B The RBI window for granting banking licences will open only when a proposal arises.

C The RBI window for granting banking licences will be open throughout the year.

D The RBI window for granting banking licences will open only from March-July.

E None of the above

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