In terms of Section, 19 of the RBI Act, 1934, the RBI has been prohibited from1). Making loans or advances2). Drawing or accepting bills payable otherwise than on demand3). Allowing interest on deposits or current accounts4). All of the above

In terms of Section, 19 of the RBI Act, 1934, the RBI has been prohibi

1.	In terms of Section, 19 of the RBI Act, 1934, the RBI has been prohibited from1). Making loans or advances2). Drawing or accepting bills payable otherwise than on demand3). Allowing interest on deposits or current accounts4). All of the above
Answer» As per the RBI act 1934 section a bank may not transact in certain scenario. As per this act bank may not engage in TRADE or otherwise have a direct interest in any commercial, INDUSTRIAL, or other undertaking except such interest as it may in any way acquire in the course of the satisfaction of any of its claims, purchase the shares of any banking company or of any other company, or GRANT loans upon the security of any such shares, advance money on mortgage, make loans or advances, draw or accept bills PAYABLE otherwise than on demand and allow interest on deposits or current amounts.