According to section 26A of the Banking Regulation Act,

Q: Answer-According to section 26A of the Banking Regulation Act, 1949 the Reserve Bank shall establish a Fund...

Depositor Education and Awareness Fund, Explanation Establishment of Depositor Education and Awareness Fund- The Reserve Bank shall establish a Fund to be called the Depositor Education and Awareness Fund hereafter in this section referred to as the Fund.

1949 the Reserve Bank shall establish a Fund to be called the _________________

A Banking Company Fund Correct Answer Incorrect Answer

B Investor Education and Awareness Fund Correct Answer Incorrect Answer

C Depositor Education and Awareness Fund Correct Answer Incorrect Answer

D As the RBI may notify depending on the requirement Correct Answer Incorrect Answer

Solution

Depositor Education and Awareness Fund, Explanation: Establishment of Depositor Education and Awareness Fund- The Reserve Bank shall establish a Fund to be called the "Depositor Education and Awareness Fund" (hereafter in this section referred to as the "Fund.

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Relevant for Exams:

CBI APP and PP

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