question_answer

Direction: Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.

(A) Further, for opening new branches or shifting branches 'outside a city, town or village, permission of the Reserve Bank is required. (B) Before granting licence, Reserve Bank has to be satisfied by inspection or otherwise of the suitability of the company for licence. (C) The Reserve Bank has the discretion to reject licence or approve the licence on such conditions as it thinks fit. (D) A company wanting to commence banking business requires prior licence from the Reserve Bank. (E) Banking companies have to have a minimum capital and reserves as specified in the Banking Regulation Act. (F) A licence once given may also be cancelled after giving the bank an opporunity to be heard.

Which of the following should be the THIRD sentence after rearrangement?

A)  C                                

B)  D         

C)  F                                

D)  A         

E)  B