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● Statement 1 is correct: The RBI undertakes the responsibility of controlling credit created by commercial banks through quantitative and qualitative techniques to control and regulate the credit flow in the country. When RBI observes that the economy has sufficient money supply and it may cause an inflationary situation in the country then it squeezes the money supply through its tight monetary policy and vice versa. ● Statement 2 is correct: Section 45 of Banking Regulation Act 1949 empowers the Reserve Bank to make a scheme of amalgamation of a bank with another bank if it is in the depositors' interest or in the interest of the overall banking system. Many private sector banks have been merged with other private sector banks or the PSBs under this mechanism. The power of winding up of banks lies in the hand of the Reserve bank of India. The Banking (Regulation) Act, 1949 provision from Section 38 to 44 deals with the winding up procedure for banks.
The term criminal conspiracy as per IPC means when two or more persons agree to do or cause to do_____________________
Which section of the IPC delas with limit of solitary confinement?
Professional communications made under S. 126 of the Indian Evidence Act, 1872 are applicable to:
_________________________ shall have the right to information as per Section 3 of the RTI Act
When is a gang rape said to have been committed?
A voluntarily burns a valuable security belonging to Z intending to cause wrongful loss to Z. A has committed
Which section of the Act deals with dumb witnesses______
Which section of the Banking Regulation Act, 1949 delas with the provision of Prohibition of common Directors?
No banking company shall hold any immovable property howsoever acquired_________________
What is meant by Limited Liability Partnership Agreement?