The provisions for presentation of financial Statements of banks are given under ..... Section of Banking Regulation Act, 1949.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The provisions for presentation of financial Statements of banks are given under ____ Section of Banking Regulation Act, 1949.

A	31
B	29
C	50
D	18

Explanation:

Detailed explanation-1: -The major provisions are such as Payment of Commission, Brokerage, Prohibition of Trading, Capital Structure, Non-Banking Assets, Minimum Capital and reserves, etc.

Detailed explanation-2: -7 of the Banking Regulation Act, no company other than a banking company shall use the words ‘bank’, ‘banker’, ‘banking’ or ‘banking company’ and no company shall carry on the business of banking in India, unless it uses the above mentioned words in its name. Prohibition of Trading (Sec.

Detailed explanation-3: -(a) any information obtained by them under this Act in such consolidated form as they think fit; (b) in such manner as they may consider proper, any credit information disclosed under the Credit Information Companies (Regulation) Act, 2005.]

There is 1 question to complete.