Bank to have the right to transact Government business in India is provided in section____ of The RBI Act 1934
Section 21 of The RBI Act 1934. S.21. Bank to have the right to transact Government business in India. (1) The [Central Government] shall entrust the Bank, on such conditions as may be agreed upon, with all its money, remittance, exchange and banking transactions in India, and, in particular, shall deposit free of interest all its cash balances with the Bank: Provided that nothing in this sub-section shall prevent the Central Government from carrying on money transactions at places where the Bank has no branches or agencies, and the Central Government may hold at such places such balances as it may require. (2) The Central Government shall entrust the Bank, on such conditions as may be agreed upon, with the management of the public debt and with the issue of any new loans. (3) In the event of any failure to reach agreement on the conditions referred to in this section the Central Government shall decide what the conditions shall be. (4) Any agreement made under this section shall be laid, as soon as may be after it is made, before Parliament.
A. Flying kites is an old world sport.
B. This sport involves a lot of risk.
C. So, one has to be very cautious and skilful.
D. It ...
1. Seeds are the
P. link in the food chain
Q. means control over lives,
R. source of life and the first
S. and co...
Below are given a few sentences with their parts jumbled in a random order. Below the sentences are given possible rearrangements of the parts. You nee...
Many travellers approach Lahaul and Spiti
P- via the 3978m-high Rohtang La pass,
Q- tourism hub of Manali
R- which rises north of the
1. The psychology professor
P. to an auditorium
Q. stress management principles
R. walked around on a
S. stage while teachin...
The Angler was very happy
P. with the Salmon
Q. and returned home
R. about his catch
A Therefore an advanced ambulance needs to reach the patient immediately.
B A cardiac arrest, as is well known, needs revival within 4 minutes.
A. The officers are looking to reunite the dog with his owner.
B. Eventually, the police caught the Chihuahua.
C. A police officer on a mo...
A But a sprig was taken and planted in one of the hills of Sri Lanka.
B The original tree is no longer there.
C That sprig grew into a tre...
A. short of money and almost broke
B. we had to borrow money from
C. no credit cards, cash or even any identification
D. my grandp...