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WorksheetsBanking Laws and Practices
Total questions: 15
Worksheet time: 5mins
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of money from public for the purpose of lending or investing which are repayable on demand or otherwise, and can be withdrawn by ________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
The amount of capital required to start banking business is with reference to ______
Net Worth of the company
Place of Business
Business of the company
Scale of Business
Capital required for Full fledged Private Banks is Rs. _____ Crore.
100
250
300
500
RBI can not decide the advances given by the banking companies.
True
False
In case of cancellation of license of the bank by , bank can appeal to (a)
Major amendment to include co-operative banks under Banking Regulation Act 1949 was done in (a)
