Question
Section 8 of the Banking Regulation Act, 1949 prohibits
a banking company from doing which of the following?Solution
Section 8 of the Banking Regulation Act, 1949 expressly prohibits a banking company from directly or indirectly engaging in trading, i.e., buying or selling of goods, except in connection with the realisation of security given to or held by it. This ensures that banks remain in the business of banking and do not engage in commercial trading activities that could expose depositors' funds to trading risk.
Find the CORRECT statement's about VAJRA PRAHAR 2023?
1. Exercise VAJRA PRAHAR is a joint exercise conducted between Indian Navy and US Navy Spec...
Which deficit reflects the borrowing needs of the government?
Which of the following statement is correct about The Amazon, the world's most biodiverse rainforest?
(1) The World's second largest rainforest...
In which of the following organizations, the Government of India holds less than 90 % shares?
When was the National Green Tribunal established by the Government of India?
Which of the following states hosts the annual Surajkund crafts fair?
In which order did the following Dynasties rule over Delhi?
1. Sayyid Dynasty
2. Lodi Dynasty
3. Tughluq Dynasty
4. Khalji Dynasty
During the water cycle, which part of the plant is involved in the process of evaporation?
Who among the following became the acting Prime Minister of India after Lal Bahadur Shastri?
Extremely Severe Cyclonic Storm Tauktae was a powerful tropical cyclone in the _______.
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