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Under section 19 the Bank may not become the owner of:
AImported property
BInsured property
CInherited property
DImmovable property
Answer & Solution
Correct answer: D. Immovable property
1. One exception is made for its own premises.
2. Another covers residences for its officers.
3. Otherwise it may not own immovable property.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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