Question

As per the Regional Rural Banks (Amendment) Bill, 2014, the authorised capital of the RRBs has been raised from Rs 5 cr to

A Rs 50 cr Correct Answer Incorrect Answer
B Rs 100 cr Correct Answer Incorrect Answer
C Rs 500 cr Correct Answer Incorrect Answer
D Rs 1,000 cr Correct Answer Incorrect Answer
E Rs 2,000 cr Correct Answer Incorrect Answer

Solution

This amendment bill increases the authorised capital of each Regional Rural Bank (RRB) from Rs 5 crore to Rs 2000 crore divided into Rs 200 crore of fully paid share of Rs 10 each.

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