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Which section lists the business the Bank may not transact?
ASection 49
BSection 19
CSection 91
DSection 29
Answer & Solution
Correct answer: B. Section 19
1. It opens by saving sections 17, 18, 42 and 45.
2. It then sets out six express bars.
3. That section is section 19.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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