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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