Recently the Reserve Bank of India has imposed limitations, initially for a period of six months, on the withdrawal of amount by account holders of which one of the following banks?

examrobotsa's picture

Submitted by examrobotsa on

Q: (CDS-I/2020)
Recently the Reserve Bank of India has imposed limitations, initially for a period of six months, on the withdrawal of amount by account holders of which one of the following banks?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,92,40,14,21,92,5

keywords: 

{'south indian bank': [0, 0, 0, 1], 'indusind bank': [0, 0, 0, 1], 'reserve bank': [1, 0, 3, 4], 'maharashtra cooperative bank': [0, 0, 0, 1], 'dhanlaxmi bank': [0, 0, 0, 1], 'limitations': [0, 0, 0, 3], 'banks': [5, 6, 5, 25], 'account holders': [0, 0, 0, 1], 'withdrawal': [0, 0, 1, 4], 'india': [8, 1, 7, 13], 'punjab': [2, 0, 1, 0]}

The limitations on the withdrawal amounts by account holders for a period of six months was imposed by The Reserve Bank of India (RBI) on the Punjab and Maharashtra Cooperative Bank (option 3). The remaining options namely IndusInd Bank (option 1), Dhanlaxmi Bank (option 2), and South Indian Bank (option 4) were not affected by these specific limitations from the RBI. The other banks, thus, could operate without any withdrawal limits at that time, making option 3 - Punjab and Maharashtra Cooperative Bank - the correct answer to this question. The other options are incorrect as these banks were not under any such restrictions from the RBI.