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      Question

      Which of the following act defines business functioning

      of a bank in India?
      A Reserve Bank of India Act, 1934 Correct Answer Incorrect Answer
      B Banking Regulation Act, 1948 Correct Answer Incorrect Answer
      C Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      D The Company Act, 1956 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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