GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act?
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RBI Act
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Limitation Act
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Banking Regulation Act
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Negotiable Instrument Act 1881
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Explanation:
Detailed explanation-1: -Every banking company shall preserve, in good order, its books, accounts and other documents mentioned below, relating to a period of not less than five years immediately preceding the current calendar year.
There is 1 question to complete.