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Banking Regulation Act, 1949 MCQs with Answers

Practise Banking Regulation Act, 1949 and check your answers.

Question 1

As per Section 35A of the Banking Regulation Act, 1949, the Reserve Bank has the power to give directions under which of the following circumstances?
(A). in public interest
(B). in the interest of public policy
(C). to secure proper management of banking companies
(D). to prevent affairs of banking companies being conducted in a manner detrimental to depositor's interest

Select one answer

Question 2

Under the Reserve Bank of India’s direction effective 1 April 2012, what is the presentation period for a cheque or bank draft, measured from the date on the instrument?

Select one answer

Practise for these exams

  • CUET PG Law (LL.M.)

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