Banking Laws and Practices

In the classroom discussion related to Too Big to fail was pertaining to _______

• Yes Bank

• Bank of America

• SBI

• Bank of Baroda

The Company Law in India was enacted in________

• 1956

• 1913

• 1850

• 1992

Following was not one of the reasons for the failure of Banking industry in 1913

• The low proportion of liquid assets

• Connected lending practices

• No regulations over banks

• Negligence of British Government

In 1913,_______ committee looked into the issue of Banking failures.

• Royal Commission

• Hilton Young

• Indian Central Banking Enquiry Committee

• Edward Committee

________Act made a Comprehensive enactment, applicable only to the banking sector.

• RBI Act 1934

• Banking Regulation Act 1949

• Indian Companies Act, 1913

• Banking Companies Act 1949

The original name of Banking Regulation Act, 1949 was ________

• Banking Companies Act

• Bank Regulation Act

• RBI Act

• Indian Companies Act

“Banking” is defined as - Accepting deposits of money from public for the purpose of lending or investing which are repayable on demand or otherwise, and can be withdrawn by ________

• cheque, draft or otherwise.

• drafts, cheque and otherwise

• otherwise, drafts, and cheque

• cheque, draft or RTGS

The Banking Regulation Act, 1949 is not applicable to a primary agricultural society, __________ and any other cooperative society.

• Land mortgage bank

• A co-operative land mortgage bank

• Co-operative Banks

• Payment Banks

Business of the banks can be broadly divided as _________

• Basic and Agency Business

• Primary and General Utility Business

• General Utility and Agency Business

• Basic and General Utility Business

Buying or selling or bartering of goods is allowed by Banks.

• True

• False