Which of the following statements are true about the Reserve Bank of India ?

a. It mainly monitors the cash balance of the government commercial banks

b. It fixes the rate of interest on loans of all commercial banks for savings deposits

c. It monitors the loan activities of commercial banks, both private and government

d. Banks need to get prior permission for setting up a new branch

e. Banks are required to share with RBI the details of lending and interest  

1
a, b, d and e  
2
a, b and d  
3
c and e
4
b, c, d and e

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