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    Question

     Under the companies act 2013, a section 8 company

    Reserve Bank Innovation Hub (RBIH) was inaugurated in Bengaluru with a capital of Rs________.
    A 65 crores Correct Answer Incorrect Answer
    B 100 crores Correct Answer Incorrect Answer
    C 80 crores Correct Answer Incorrect Answer
    D 70 crores Correct Answer Incorrect Answer
    E 55 crores Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India Governor, Shri Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH)on March 24th, 2022  in Bengaluru. It was set up as a Section 8 company under Companies Act, 2013, with an initial capital contribution of ₹100 crore to encourage and nurture financial innovation in a sustainable manner through an institutional set-up.  

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