Monday, 25 September 2017

Key Notes

1. Under Sec 22 of RBI Act 1934 RBI has the sole power to Issue Currency Notes

2. FIMMDA stands for FIXED INCOME MONEY MARKET AND DERIVATIVES MARKET

3. Sec 171 of Indian contract 1872 gives to banker an absolute right of general lien on all goods and securities received by banker. the bankers lien is called Hypotication