GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The Holidays for the Banks are declared as per which of the following Act -
|
|
Reserve bank Act
|
|
|
Banking Regulation Act - 1949
|
|
|
Company Act
|
|
|
Negotiable instrument Act -1881
|
Explanation:
Detailed explanation-1: -All the bank holidays are declared by Central / State Governments / Union Territories under NI (Negotiable Instruments) Act. The Reserve Bank of India (RBI) releases a list of bank holidays every year and every bank is entitled to follow the guidelines of the Reserve Bank of India (RBI).
Detailed explanation-2: -The holidays are declared under the Negotiable Instruments Act, 1981. They are usually applicable to Government departments more particularly to banks.
Detailed explanation-3: -Section 6 of the Negotiable Instruments Act 1881 defines “Cheque”.
There is 1 question to complete.