Question
In which section of the Banking Regulation Act, 1949, is
it stated that banks are not allowed to provide loans or advances to any of their directors?ÂSolution
Section 20 of the Banking Regulation Act 1949 deals with the "restrictions on loans and advances" to any of its directors. No banking company shall grant any loans or advances on the security of its shares.
More Previous Year Paper Questions
(11.75)2 - 49.99% of 120 - ? = (8.23)2Â
[34.01 × 18.98 – 12 × √576.03 – 198] ÷ 3.95 = ?
136.02 + 80.004 - 9.892 + {(30.02)2 /(15.02 × 1.98)} of 18.22% = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
2550.03 ÷ 74.98 x 49.9 = ? + 20.32
79.79% of 299.87 - 54.67% of (39.982 - 9.822 ) = ? - 19.92 × 199.98
(14.98% of 319.99) - 7.998 = √?
A person invests a sum of money in a bank at a certain rate of interest. The interest earned at the end of the second and third y...
6940 ÷ 28 ÷ 7 = ?
15.2 x 1.5 + 258.88+ ? = 398.12 + 15.9
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