alleryStart learning →Section 24(2A) caps the liquid-assets percentage a bank must hold at what level?
ATen per cent
BTwenty per cent
CForty per cent
DSixty per cent
Answer & Solution
Correct answer: C. Forty per cent
The RBI may specify a percentage of demand and time liabilities that does not exceed forty per cent.
Keep practising Special Features of Audit of Banks and Non-Banking Financial Companies
Browse all Special Features of Audit of Banks and Non-Banking Financial Companies questions for CA Final, or explore more Auditing topics.
Related questions
Under s.17, what must a profitable bank do before declaring dividend?A bank trades in groceries for profit. Which section does this breach?Which of these is an example of a non-banking financial institution?An NBFC differs from a bank in that it is what?A loan is generally non-performing when payments of interest and principal are past due byWhich formula gives SLR? (DTL = demand plus time liabilities)Raising SLR is generally used by RBI for what purpose?The statutory liquidity ratio is expressed as a percentage of which bank amount?