Current Affairs based Modal MCQs - Indian Economy

Total Questions: 63

Consider the following statements regarding the Banking Laws (Amendment) Bill, 2024:

  1. It increases the threshold of ‘substantial interest’ in a banking company from Rs. 5 lakhs to Rs. 2 crores.
  2. It empowers banks to fix the remuneration of auditors without prior RBI approval.
  3. It abolishes the requirement for maintenance of Cash Reserve Ratio (CRR) by private banks.
  4. It introduces provisions allowing up to four nominees for a single bank account or locker.

How many of the above statements is/are correct?

A
Only one
B
Only two
C
Only three
D
All four
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