Question

When was the Banking Regulation Act passed?

A 1939 Correct Answer Incorrect Answer
B 1954 Correct Answer Incorrect Answer
C 1949 Correct Answer Incorrect Answer
D 1956 Correct Answer Incorrect Answer
E 1926 Correct Answer Incorrect Answer

Solution

The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Initially, the law was applicable only to Banking companies.

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