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    Question

    The Banking Regulation Act was passed on

    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 legislation in India that regulates all banking firms in India. Initially, the law was applicable only to Banking companies

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