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      Question

      RBI recently imposed several restrictions on Indian

      Mercantile Cooperative Bank Ltd. including a cap of Rs 1 lakh on withdrawals. The Indian Mercantile Cooperative Bank is based at ______________.
      A Indore Correct Answer Incorrect Answer
      B Lucknow Correct Answer Incorrect Answer
      C Prayagraj Correct Answer Incorrect Answer
      D Bhopal Correct Answer Incorrect Answer
      E Chandigarh Correct Answer Incorrect Answer

      Solution

      RBI recently imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on withdrawals. RBI has imposed the above restriction in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949.

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