Question

    The issued capital of the Exim Bank shall

    be____________________
    A Wholly subscribed by the RBI Correct Answer Incorrect Answer
    B Partly subscribed by the RBI Correct Answer Incorrect Answer
    C Partly subscribed by the Central Government Correct Answer Incorrect Answer
    D Wholly subscribed by the Central Government Correct Answer Incorrect Answer
    E Both b & c Correct Answer Incorrect Answer

    Solution

    Wholly subscribed by the Central Government, Explanation: Exim Bank Act: Section 4. Authorised capital: (2) The issued capital of the Exim Bank shall be wholly subscribed by the Central Government.

    Practice Next
    More Administrative Interpretation and Maxims Questions

    Relevant for Exams:

    ask-question