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    Question

    Banking Regulation Act was enacted in _______________.

    A 1947 Correct Answer Incorrect Answer
    B 1949 Correct Answer Incorrect Answer
    C 1953 Correct Answer Incorrect Answer
    D 1959 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Banking Regulation Act, 1949 is a law. It regulates the functioning of banks and provides details on several aspects including licensing, management, and operations of banks in India. It had been passed as the Banking Companies Act, 1949 and came into force from March 16, 1949.

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