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      Question

      Which of the following acts empowers RBI to regulate

      Non-Scheduled Banks?
      A The Indian Contract Act, 1872 Correct Answer Incorrect Answer
      B The Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      C The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Correct Answer Incorrect Answer
      D The Negotiable Instruments Act, 1881 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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