New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Within what timeframe must the Corporation furnish its

    balance sheet, accounts, auditor’s report, and a report of its working to the Reserve Bank as per the Deposit Insurance and Credit Guarantee Corporation Act?
    A Within one month Correct Answer Incorrect Answer
    B Within six months Correct Answer Incorrect Answer
    C Within three months Correct Answer Incorrect Answer
    D Within four months Correct Answer Incorrect Answer
    E Within two months Correct Answer Incorrect Answer

    Solution

    Section 32 Annual accounts and reports: (1) The Corporation shall furnish to the Reserve Bank within three months from the date on which its accounts are balanced and closed the balance sheet and accounts together with the auditor’s report and a report of the working of the Corporation during the year and copies of the said balance sheet and accounts and reports shall be furnished by the Corporation to the Central Government.  

    Practice Next