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    Question

    The Reserve Bank has recently imposed several

    restrictions on Indian Mercantile Cooperative Bank Ltd. What is cap amount of withdrawals in such restrictions?
    A 1 lacs Correct Answer Incorrect Answer
    B 2 lacs Correct Answer Incorrect Answer
    C 3 lacs Correct Answer Incorrect Answer
    D 4 lacs Correct Answer Incorrect Answer
    E 5 lacs Correct Answer Incorrect Answer

    Solution

    The Reserve Bank has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on withdrawals. The restrictions came into force from the closure of business hours on January 28, 2022

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