Question

Under Section 45-IC of the RBI Act, every NBFC must transfer to its reserve fund a sum not less than what percentage of net profit?

A 25%
B 20%
C 10%
D 5%
E 15%
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)