GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does the letter ‘R’ denote in the abbreviation ‘BR Act’ which controls banking activities in the country?
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Rule
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Regulation
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Reformation
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Reclamation
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Explanation:
Detailed explanation-1: -The reasons for this are inability to pay its debts; moratorium placed on the bank or failure to comply with minimum capital adequacy; failure to comply with requirements of Banking Regulation Act.
Detailed explanation-2: -Section 35 in BANKING REGULATION ACT, 1949.
There is 1 question to complete.