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    Question

    ┬аUnder the companies act 2013, a section 8 company

    Reserve Bank Innovation Hub (RBIH) was inaugurated in Bengaluru with a capital of Rs________.
    A 65 crores Correct Answer Incorrect Answer
    B 100 crores Correct Answer Incorrect Answer
    C 80 crores Correct Answer Incorrect Answer
    D 70 crores Correct Answer Incorrect Answer
    E 55 crores Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India Governor, Shri Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH)on March 24th, 2022┬а in Bengaluru. It was set up as a Section 8 company under Companies Act, 2013, with an initial capital contribution of тВ╣100 crore to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. ┬а

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