GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Banking Codes and Standards Board of India was registered on 18th February, 2006 under which of the following RBI Act?
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Banking Regulation Act
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Cooperative Societies Act
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The Societies RegistrationAct, 1860
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None of these
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Explanation:
Detailed explanation-1: -The Banking Codes and Standards Board of India was registered as a Society under the Societies Registration Act, 1860 and approved as a trust under the Maharashtra Public Trusts Act, 1950.
Detailed explanation-2: -The BCSBI was registered on February 18, 2006 in Mumbai under the Societies Registration Act, 1860. The management of the Board has been entrusted to a Governing Council under the Chairmanship of Smt. K.J. Udeshi, a former central banker.
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