Question
The Reserve Bank regulates the banking functions of
StCBs/DCCBs/UCBs under the provisions of ________________ of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).Solution
Explanation: Though the Banking Regulation Act came in to force in 1949, the banking laws were made applicable to cooperative societies only in 1966 through an amendment to the Banking Regulation Act, 1949. Since then there is duality of control over these banks with banking related functions being regulated by the Reserve Bank and management related functions regulated by respective State Governments/Central Government. The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).
- Select the most appropriate ANTONYM of the given word.
Permit 11. A) Torment B) Help C) Lament D) Regret
...- In the following sentence, choose the word similar in meaning to the bold word to fill in the blank.
The beautiful garden was a ____________sight, ... Select the most appropriate synonym of the given word.
ESTIMATE
DISPARAGE
Bread : Bakery :: Beer : ?
Choose the correct ANTONYM for the given word.
IGNORANT
HUMBLE
- Choose a word that is similar in meaning to the given word.
Brief My mother said to Sanjay, “Are you in such a hurry to cross the road?”
