The authorized share capital of RBI was: A) ₹20 crore B) ₹5 crore C) ₹50 crore D) ₹5 crore
A20 Crore
B5 crore
C50 crore
D5 lakh
Answer:
B. 5 crore
Read Explanation:
The authorized capital is the maximum amount of capital that a company or bank is allowed to raise through the issuance of shares.
RBI was initially set up as a shareholders’ bank, so it had an authorized capital of ₹5 crore, divided into shares held by private shareholders.
(5 lakh share @rs 100 each)
