The Reserve Bank has been vested with powers of approval of the appointment/removal of statutory auditors of UCBs.

True

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False

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Solution

The correct option is A True

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Similar questions

80. Consider the following statements regarding Serious Fraud investigation Office(SFIO):

i) It is a statutory body to investigate corporate frauds of serious and complex nature.

ii) It is established under Ministry of Finance.

iii) It has been vested with police power in their investigation.

Which of the above statements is / are correct?

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