Question

______________ under the Banking Regulation Act, 1949 means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or other wise

A Bank Correct Answer Incorrect Answer
B Banking Correct Answer Incorrect Answer
C Banking Policy Correct Answer Incorrect Answer
D Banking Company Correct Answer Incorrect Answer

Solution

Section 5(b).

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