New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    For the purpose of section 8 of the Banking Regulation

    Act which delas with the prohibition of trading what does the term goods mean?
    A Movable property Correct Answer Incorrect Answer
    B Immovable property Correct Answer Incorrect Answer
    C Moveable property, other than actionable claims, stocks, shares, money, bullion and specie Correct Answer Incorrect Answer
    D Both b & c Correct Answer Incorrect Answer
    E Either a or b Correct Answer Incorrect Answer

    Solution

    Section 8. Prohibition of trading: Explanation-- For the purposes of this section, "goods" means every kind of moveable property, other than actionable claims, stocks, shares, money, bullion and specie, and all instruments referred to in clause (a) of sub-section (1) of section 6.

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