Question
Under the Reserve Bank of India Act, 1934, what is the
capital of the Reserve Bank of India as provided in Section 4?Solution
Section 4 of the RBI Act, 1934 expressly states that the capital of the Bank shall be five crores of rupees. This provision was substituted by the Reserve Bank (Transfer to Public Ownership) Act, 1948 with effect from 1-1-1949. The figure has remained unchanged in the bare Act since then. Candidates frequently confuse this with the Reserve Fund contribution, which is also five crores of rupees under Section 46. The correct statutory figure for the Bank's capital is five crores of rupees.
Seven girls T, U, V, W, X, Y and Z are sitting around a circular table facing opposite the centre (not necessarily in the same order). X is second to th...
LY, KY, AY, MY, SY, TY, and QY are sitting in a row facing north. TY is immediate right of SY. SY is fourth to the right of QY. QY and LY are both at ex...
If S is related to X and W is related to T in a certain way, then who among the following person is related to R?
D, E, F, G, H, I and J are sitting in a straight line, facing north. Only two people sit to the left of E. Only three people sit between E and H. Only ...
Seven persons R, S, T, U, V, W and X sit in a linear row. All of them face towards south direction. V sits third to the right of W, who sits at one of t...
Which of the following statements is true?
Which of the following person works in company O?
How many person sit between tallest person and shortest person?
Six persons Om, Yash, Rohit, Prateek, Tanu and Umesh are sitting in a straight horizontal row facing towards the south. Umesh sits second to the right ...
What is the position of A with respect to C?
