BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks Registration
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Banking Re-organization
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Banking Regulation
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Banking Rights
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Detailed explanation-1: -Banking Regulation Act, 1949, as amended by The National Bank. for Financing Infrastructure and Development Act, 2021 (17 of.
Detailed explanation-2: -As per Section 5(b) of the Banking Regulation Act, 1949, “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdraw-able by cheque, draft, order or otherwise.
Detailed explanation-3: -Banking Regulation Act 1949 Multiple Choice Questions.
Detailed explanation-4: -Bank regulation is the process of setting and enforcing rules for banks and other financial institutions. The main purpose of bank regulation is to protect consumers, ensure the stability of the financial system, and prevent crime.