Question
Where was the Urban Co-operative Bank (UCB) situated,
whose license was cancelled by the Reserve Bank of India (RBI) in Dec 2023?Solution
The Reserve Bank of India (RBI) has cancelled the licence of Urban Co-operative Bank (UCB), Sitapur, Uttar Pradesh. RBI said the bank ceases to carry on banking business, with effect from the close of business on December 07, 2023.
The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?
1. Other banks retain their deposits with the...
Who regulates Indian Corporate Debt Market?
A company has 10 million shares of face value Rs.10 each, issued in the market. The current book value of the share is Rs.30 and market price is Rs.50...
Which of the following is not one of the functions of Banks Board Bureau?
I- providing assistance to Public Sector Banks to restructure their ...
An Option that can be exercised on any date before and including the expiry date is calledÂ
Insurance sector in India is regulated by the provisions of:
Banks are authorized to sell third party products. Which are these products?
Which of the following acts is/are associated with management of foreign exchange and prevention of money-laundering?
Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle?Â
FEMA, 1999 replaced the Foreign Exchange Regulation Act (FERA) of _______________.
