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SLR is maintained by banks under which provision?
ASection 42(1) of RBI Act
BSection 24 of BR Act
CSection 17 of RBI Act
DSection 35A of BR Act
Answer & Solution
Correct answer: B. Section 24 of BR Act
1. The question asks: SLR is maintained by banks under which provision.
2. Correct answer: Section 24 of BR Act.
3. Section 24 of the Banking Regulation Act governs the SLR.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), BR Act §24_