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    Question

    What does ‘on-tap licensing’ provided by the Reserve Bank of India mean?

    A The RBI window for granting banking licences will be open only on specific dates. Correct Answer Incorrect Answer
    B The RBI window for granting banking licences will open only when a proposal arises. Correct Answer Incorrect Answer
    C The RBI window for granting banking licences will be open throughout the year. Correct Answer Incorrect Answer
    D The RBI window for granting banking licences will open only from March-July. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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