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Which section of The RBI Act 1934 deals with Business which the RBI may transact?
Section 16 of The RBI Act 1934
Section 14 of The RBI Act 1934
Section 17 of The RBI Act 1934
Section 18 of The RBI Act 1934
The Bank shall be authorized to carry on and transact the several kinds of business and all of those are provided in section 17 of the RBI act.
Some of them includes acceptance of deposits without interest from central/state Govt, any other person or institution,sale purchase of foreign exchange, securities, rediscounting of bills/PN, grant loans etc.
By: SHIKHA PURI ProfileResourcesReport error
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