The Restrictions on RBI

Q.  Which of the following is true about the restrictions on RBI?

(i) It is not to compete with the commercial banks.
(ii) It is not allowed to pay interest on its deposits.
(iii) It cannot engage directly or indirectly in trade.
(iv) It cannot acquire or advice loans against immovable property.
(v) It is prohibited from purchasing its own shares or the shares of any other bank or any company or granting loans on such security.
- Published on 20 Jul 15

a. Only (i),(ii),(iii), and (iv)
b. Only (v)
c. All the above
d. None of the above

ANSWER: All the above

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