Question

Which of the following statements is false about Reserve Bank of India ?

A Reserve Bank of India shall be constituted for the purposes of taking over the management of the currency from the [Central Government].
B Reserve Bank of India shall be constituted for carrying on the business of banking.
C RBI shall be a body corporate.
D RBI shall not have perpetual succession.
E ŔBI shall have a common seal.
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RBI Grade B 2026 Phase 1 Memory Based Paper
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