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Sahil Kotwal

· started a discussion

· 1 Months ago

about nabard (Question:616118.0)

nabard was created by an act so its a autonomousbody ..it is not a subsidiary of rbi

Question:

Which of the following is/are wholly owned subsidiary of Reserve Bank of India (RBI)? 


i.   Deposit Insurance and Credit Guarantee Corporation of India(DICGC)

ii.  Indian Financial Technology and Allied Services (IFTAS)

iii. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

iv. Small industrial Development Bank of India (SIDBI)

Options:
A) Only i, iii
B) Only i, ii, iii
C) Only ii, iv, iii
D) Only i, ii, iv
E) All statements are true
Solution:
Ans(a)

Fully owned Subsidiaries of RBI : 

Deposit Insurance and Credit Guarantee Corporation of India(DICGC) 

Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL) 

Reserve Bank Information Technology Private Limited (ReBIT) 

Indian Financial Technology and Allied Services (IFTAS)


Knowledge Expert

· commented

· 1 Months ago

Dear student,
Answer has been corrected.

NABARD is not a subsidiary of RBI, it is owned by Govt of India Entire share of RBI in NABARD was transferred to Govt decades back.

Keep learning with us.


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