The Reserve Bank may recover by charging any account on its books maintained by the sender if:
The Reserve Bank may recover by charging any account on its books maintained by the sender if:
The Reserve Bank may recover by charging any account on its books maintained by the sender if it makes a written demand to the sender to assume defense of the proceeding, or if the sender has not made any other payment arrangement acceptable to the Reserve Bank. The first condition ensures that the Reserve Bank can take action if it needs to request the sender to handle their defense, while the second condition allows the Reserve Bank to charge the account if the sender has not arranged an acceptable alternative payment method.
The correct answer is C. The Reserve Bank may recover by charging any account on its books maintained by the sender if the sender has not made any other payment arrangement acceptable to the Reserve Bank. This option implies that if the sender fails to provide an alternative payment method that the Reserve Bank deems acceptable for covering obligations or liabilities arising from the transaction, the Reserve Bank has the authority to directly charge the sender's account held at the Reserve Bank to recover the owed amounts. This mechanism provides the Reserve Bank with a direct means of recouping costs or liabilities that the sender is responsible for, ensuring that the Reserve Bank can effectively manage and mitigate financial risks associated with processing transactions.