GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for
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1 year
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3 years
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5 years
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7 years
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Explanation:
Detailed explanation-1: -Section 19 in BANKING REGULATION ACT, 1949.
Detailed explanation-2: -Section 5 in BANKING REGULATION ACT, 1949.
There is 1 question to complete.