alleryStart learning →Under s.30(1B), when may the RBI order a special audit?
AOnly on the bank's request
BOnly after a conviction
COnly if profits have fallen
DPublic or depositors' interest
Answer & Solution
Correct answer: D. Public or depositors' interest
Section 30(1B) lets the Reserve Bank direct a special audit when it thinks it necessary in the public interest or in the interests of the bank or its depositors.
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