The.....exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

The____exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.

A	Department of Communication
B	Department of Co-operative Bank Supervision
C	Department of Government and Bank Accounts
D	Department of Banking Regulation

Explanation:

Detailed explanation-1: -CRR is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934.

Detailed explanation-2: -Section 35A. Power of the Reserve Bank to give directions.

There is 1 question to complete.