The Shivalik Small Finance Bank Limited has received the license under which Section of the RBI

Act to begin operating as SFB?

A. Section 22 (1)

B. Section 20 (1)

C. Section 21 (1)

D. Section 25 (1)
Answer: Option A
Explanation:
The Shivalik Small Finance Bank Limited has received the licence from RBI under Section 22 (1) of
the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.
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27.  Who has been appointed as the managing director of Sundaram Finance Ltd?
A
Rajiv Lochan
.

B
Girish Kumar
.

C
Poonam Yadav
.

D
Preeti Paul
.
Answer: Option A
Explanation:
The board of Sundaram Finance has named Rajiv Lochan as the managing director with effect
from April 1.
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28.  Who has signed an agreement with the JPCL to takeover the Rangit - IV Hydroelectric Project in
Sikkim?
A
GHPC
.

B
NTPC
.

C
NHPC
.

D
MHPC
.
Answer: Option C
Explanation:
The National Hydropower Corporation (NHPC) has signed a definitive agreement with Jalpower
Corporation Ltd (JPCL) for taking over the 120 MW Rangit - IV Hydro Electric Project in Sikkim.