Question
Under which statutory provisions of the Banking
Regulation Act, 1949, did the Reserve Bank of India impose the ₹50,000 penalty on Sikkim State Co-operative Bank Ltd. on 8 September 2025?Solution
The monetary penalty of ₹50,000 on Sikkim State Co-operative Bank Ltd. was imposed using the enforcement powers provided by Section 47A(1)(c) (which enables the RBI to penalize for non-compliance) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. This followed supervisory findings of non-compliance with KYC directions—specifically, failure to upload customer KYC records to the CKYCR within the prescribed timeline—established during an inspection.
The e-commerce platform launched by APEDA for agri-exports is known as:
APEDA’s HortiNet system is primarily used for the traceability of which produce?
Which of the following is NOT a function of FSSAI?
…………………………means the crop producing capacity of a soil which is measured in terms of yield (bio-mass).
...Which of the following is not a product category covered under APEDA’s purview?
Which of the following is NOT a function of APEDA under the APEDA Act, 1985?
The branch of biology that deals with the heredity and variation of organisms. Who is known as father of genetics.
Which Indian organization helps exporters meet international food trade requirements and offers infrastructure support?
Traceability in agricultural export means:
In organic farming, which of the following is used as a biological nitrogen source?
Relevant for Exams:
