BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When was the Government Securities Act passed?
A
2002
B
1999
C
2005
D
2006
Explanation: 

Detailed explanation-1: -The Government Securities Act, 2006 (G S Act) is an Act to consolidate and amend the laws relating to Government securities and its management by the RBI and for matters connected therewith.

Detailed explanation-2: -The Food Safety and Standards Act, 2006 received the assent of the President on 23rd August, 2006, and is hereby published for general information:-FOOD SAFETY AND STANDARDS ACT, 2006 No. 34 OF 2006.

Detailed explanation-3: -7. Recognition of title to Government security of deceased sole holder or joint holders.

Detailed explanation-4: -Government securities in the form of GPN, bearer bond, stock and BLA are issued by RBI, while the Agency Banks are presently eligible to issue Relief/Savings Bonds in the form of BLA only.

There is 1 question to complete.