MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Economic Environment

Section 7 of ...

Question

Section 7 of the RBI Act gives power to the government to consult and give instructions to the governor of RBI

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

thumbs-up

0

Similar questions

Q. of RBI Act gives powers to government to issue instructions to governor on certain issues

Q. Consider the following statements
1. Section 7 of the RBI Act provides power to the Government to give directions to the RBI
2. Contingency reserves of the RBI are resources aimed at dealing with black swan like events

Q. RBI acts as the banker to the central government and commercial banks act as banker to the state governments.

Q. deals with the transfer of surplus to Central Government under RBI Act, 1934

Q. The RBI acts as a banker to the Government of India but not to the banks in India.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Economic Environment

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Economic Environment

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon