Which among the following are the wholly/partly owned subsidiaries of the Reserve Bank of India(RBI)? Deposit Insurance and Credit Guarantee Corporation (DICGC) National Housing Bank (NHB) National Bank for Agriculture and Rural Development (NABARD) Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) Select the correct option from the codes given below:
Q. Which among the following are the wholly/partly owned subsidiaries of the Reserve Bank of India(RBI)? Deposit Insurance and Credit Guarantee Corporation (DICGC) National Housing Bank (NHB) National Bank for Agriculture and Rural Development (NABARD) Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) Select the correct option from the codes given below:
Answer: All of them
Notes:
  1. Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly-owned subsidiary of the Reserve Bank of India (RBI).
  2. National Housing Bank (NHB) was initially a wholly-owned subsidiary of RBI, but it was fully taken over by the Government of India as part of the Union Budget 2019-20.
  3. National Bank for Agriculture and Rural Development (NABARD) is not a wholly-owned subsidiary of RBI. It is jointly owned by the Government of India and the RBI.
  4. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly-owned subsidiary of the Reserve Bank of India (RBI).
So, options 1, 2, 3, and 4 are all correct.

 

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