May the Bank do it, or not?
Exercise and reference answers
- Left
- May do
- Items
- Item
- Issue bank notes
- Answer
- May do
- Item
- Hold cash reserves
- Answer
- May do
- Item
- Manage public debt
- Answer
- May do
- Item
- Appoint agents
- Answer
- May do
- Item
- Buy bank shares
- Answer
- May not
- Item
- Own land freely
- Answer
- May not
- Item
- Pay any interest
- Answer
- May not
- Item
- Engage in trade
- Answer
- May not
- Right
- May not
- Instructions
- Swipe left for May do, right for May not.
Explanation
_Source: The Reserve Bank of India Act, 1934 (India Code)_