question_answer

Which of the following extreme measures may be resorted to by the Reserve Bank of India (RBI), in order to safeguard the interest of the depositing public when the affairs of a bank are observed to be beyond redemption?             [IBPS Clerk 2015]

A)  Refusal of a licence or cancellation of an existing licence

B)  Merge the bank with any public sector bank

C)  Applying to the Central government for an order of moratorium and thereafter reconstructing or amalgamating the bank with another bank

D)  All of the above

E)  None of the above