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Your results are here!! for" Banking Regulation Act, 1949 "
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Question 1 of 10
1. Question
What was the Banking Regulation Act, 1949 originally known as?
Correct
The Banking Regulation Act, 1949 was originally known as the Banking Companies Act.
Incorrect
The Banking Regulation Act, 1949 was originally known as the Banking Companies Act.
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The Banking Regulation Act, 1949 was originally known as the Banking Companies Act.
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Question 2 of 10
2. Question
On which date did the Banking Regulation Act, 1949 come into force?
Correct
The Act came into force on 16 March 1949.
Incorrect
The Act came into force on 16 March 1949.
Unattempted
The Act came into force on 16 March 1949.
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Question 3 of 10
3. Question
On which date was the Banking Companies Act renamed the Banking Regulation Act, 1949?
Correct
The Act was renamed the Banking Regulation Act, 1949 on 1 March 1966.
Incorrect
The Act was renamed the Banking Regulation Act, 1949 on 1 March 1966.
Unattempted
The Act was renamed the Banking Regulation Act, 1949 on 1 March 1966.
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Question 4 of 10
4. Question
When the Banking Regulation Act was first enacted, to which entities was it applicable?
Correct
When first enacted, the Act was applicable only to banking companies.
Incorrect
When first enacted, the Act was applicable only to banking companies.
Unattempted
When first enacted, the Act was applicable only to banking companies.
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Question 5 of 10
5. Question
In which year was the Banking Regulation Act amended to extend its provisions to cooperative banks?
Correct
The Act was amended in 1965 to extend its provisions to cooperative banks by introducing Section 56.
Incorrect
The Act was amended in 1965 to extend its provisions to cooperative banks by introducing Section 56.
Unattempted
The Act was amended in 1965 to extend its provisions to cooperative banks by introducing Section 56.
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Question 6 of 10
6. Question
Which section was introduced in 1965 to bring cooperative banks within the provisions of the Banking Regulation Act?
Correct
Section 56 was introduced in 1965 to extend the Act‘s provisions to cooperative banks.
Incorrect
Section 56 was introduced in 1965 to extend the Act‘s provisions to cooperative banks.
Unattempted
Section 56 was introduced in 1965 to extend the Act‘s provisions to cooperative banks.
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Question 7 of 10
7. Question
Which of the following was exempted from the purview of the Banking Regulation Act according to the provided material?
Correct
Primary Agricultural Credit Societies and cooperative land mortgage banks were exempted from the purview of the Act.
Incorrect
Primary Agricultural Credit Societies and cooperative land mortgage banks were exempted from the purview of the Act.
Unattempted
Primary Agricultural Credit Societies and cooperative land mortgage banks were exempted from the purview of the Act.
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Question 8 of 10
8. Question
Which institution is granted broad regulatory powers over banking operations under the Banking Regulation Act?
Correct
The Reserve Bank of India (RBI) is granted broad powers to regulate and oversee banking operations.
Incorrect
The Reserve Bank of India (RBI) is granted broad powers to regulate and oversee banking operations.
Unattempted
The Reserve Bank of India (RBI) is granted broad powers to regulate and oversee banking operations.
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Question 9 of 10
9. Question
Which of the following is a regulatory power of the RBI under the Banking Regulation Act?
Correct
The Act gives the RBI powers including licensing of banks and supervision of shareholding and voting rights of shareholders.
Incorrect
The Act gives the RBI powers including licensing of banks and supervision of shareholding and voting rights of shareholders.
Unattempted
The Act gives the RBI powers including licensing of banks and supervision of shareholding and voting rights of shareholders.
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Question 10 of 10
10. Question
What was a key objective of the 2020 amendment to the Banking Regulation Act concerning cooperative banks?
Correct
The 2020 amendment aimed to bring all cooperative banks under the direct supervision of the RBI and strengthen governance and stability.
Incorrect
The 2020 amendment aimed to bring all cooperative banks under the direct supervision of the RBI and strengthen governance and stability.
Unattempted
The 2020 amendment aimed to bring all cooperative banks under the direct supervision of the RBI and strengthen governance and stability.