Which section of the Act sets out penalties?
ASection 58F
BSection 58B
CSection 58D
DSection 58E
Answer & Solution
Correct answer: B. Section 58B
1. It reaches false particulars in a return or statement.
2. It follows the regulation making power.
3. It is section 58B.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
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