
Banking Regulation and Negotiable Instruments Quiz
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the original name of the Banking Regulation Act, 1949?
Banking Regulation Act, 1935
Banking Companies Regulation Act, 1949
Banking Act, 1949
Banking Companies Act, 1949
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the Banking Regulation Act, 1949, what is the definition of banking?
Trading of goods
Managing government funds
Issuing bank notes
Acceptance of deposits for lending and investment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Section 5(i)(c) define?
Secured loans
Banking company
Banking business
Unsecured loans
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Section 6(1) of the Banking Regulation Act deal with?
Regulation of bank notes
Liabilities of banks
Prohibitions on banking activities
Definition of banking business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which section prohibits banks from holding immovable property?
Section 7
Section 9
Section 14
Section 8
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary objective of the Reserve Bank of India Act, 1934?
To manage bank profits
To regulate the issue of bank notes
To oversee bank investments
To control bank mergers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which section of the RBI Act relates to the maintenance of CRR by banks?
Section 18
Section 10
Section 5
Section 42
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