Prelims 2024 • Paper 1 (GS) • Q.49

Prelims • Paper 1 (GS) • 2024 • Q.49

Indian Economy

With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements:

There is no minimum capital requirement for wholly owned banking subsidiaries in India.

For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals.

2024 Prelims • Paper 1 (GS)

Q.48 Q.50

Syllabus Connection

Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. (GS-III)

NCERT Connection

Ch.3: Money and Banking

Economics • Class 12 • Class 12 Macroeconomics

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