BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Negotiable Instrument Act, 1881
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RBI Act, 1934
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The Banking Regulation Act, 1949
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Indian Contract Act, 1872
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Detailed explanation-1: -(b) “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise; (c) “banking company” means any company which transacts the business of banking 10 [in India].
Detailed explanation-2: -(1) No company other than a banking company shall use as part of its name 41 [or in connection with its business] any of the words “bank”, “banker” or “banking” and no company shall carry on the business of banking in India unless it uses as part of its name at least one of such words.
Detailed explanation-3: -(b) “banking” means the accepting, for the purpose of lending or. investment, of deposits of money from the public, repayable on demand or. otherwise, and withdrawal by cheque, draft, order or other wise; (c) “banking company” means any company which transacts the business.