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      Question

      RBI is authorized to accept deposit without interest

      from?
      A Central Government Correct Answer Incorrect Answer
      B State Governments Correct Answer Incorrect Answer
      C Central Governments and banks Correct Answer Incorrect Answer
      D Central and State Governments, local authorities and banks Correct Answer Incorrect Answer
      E Central and State Governments, local authorities, banks and any other persons. Correct Answer Incorrect Answer

      Solution

      S. 17. Business which the Bank may transact. The Bank shall be authorized to carry on and transact the several kinds of business hereinafter specified, namely:- (1) the accepting of money on deposit without interest from and the collection of money for, the Central Government, the State Governments, local authorities, banks and any other persons;

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