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.

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