Home › SBI PO › Banking Awareness › RBI Act & BR Act › Which section lets the Central Government supers…
Which section lets the Central Government supersede the Central Board?
ASection 70
BSection 90
CSection 30
DSection 80
Answer & Solution
Correct answer: C. Section 30
1. It is used where the Bank fails its obligations.
2. The step is notified in the Gazette of India.
3. The power is in section 30.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
Related questions
Which section gives the Bank power of direct discount?Which section requires publication of a consolidated statement?Section 45Z provides that its Chapter shall do what to other provisions?Which section provides for the appointment of agents?Which section governs transactions in foreign exchange?Which section deals with obligations in respect of rupee coin?Which section covers the assets of the Issue Department?Which section allows a note series to cease to be legal tender?