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    Question

    What is the authorised capital of the Corporation as per

    the initial provision, and what is the maximum limit it can be increased to with Central Government approval?
    A One crore of rupees, maximum limit of fifty crores of rupees Correct Answer Incorrect Answer
    B Ten crores of rupees, maximum limit of one hundred crores of rupees Correct Answer Incorrect Answer
    C Fifty crores of rupees, no further increase allowed Correct Answer Incorrect Answer
    D Five crores of rupees, maximum limit of twenty-five crores of rupees Correct Answer Incorrect Answer
    E One crore of rupees, maximum limit of one hundred crores of rupees Correct Answer Incorrect Answer

    Solution

    Section 4. Capital of Corporation—(1) The authorised capital of the Corporation shall be one crore of rupees but the Central Government may, in consultation with the Reserve Bank, increase such capital from time to time, so, however, that the total authorised capital shall not exceed fifty crores of rupees.

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