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    Question

    The Reserve Bank of India (RBI) has officially added

    ________ to the Second Schedule of the RBI Act, 1934 so as to bolster its presence and strengthen its financial activities in the Indian market.
    A KB Kookmin Bank Correct Answer Incorrect Answer
    B Hana Financial Group Correct Answer Incorrect Answer
    C Nonghyup Bank Correct Answer Incorrect Answer
    D Kwangju Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has officially added “NongHyup Bank” to the Second Schedule of the RBI Act, 1934. This decision holds immense significance for NongHyup Bank, a prominent financial institution based in Jung-gu, Seoul, South Korea, which has been actively operating in India since its establishment in 2016. The inclusion in the Second Schedule marks a pivotal moment for the bank, as it will bolster its presence and strengthen its financial activities in the Indian market, with a particular focus on supporting the agricultural and rural sectors.

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