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According to the Bank and Financial Institution Act, 2073, what is the purpose of amending and consolidating the laws relating to banks and financial institutions?
According to the Bank and Financial Institution Act, 2073, what is the purpose of amending and consolidating the laws relating to banks and financial institutions?
- To enhance the confidence of the general public towards the overall banking and financial system (correct)
- To maintain financial stability and make necessary legal provisions
- To provide quality and reliable banking and financial services to the general public
- To protect and promote the rights and interests of depositors
What does the Bank and Financial Institution Act, 2073 aim to provide to the general public?
What does the Bank and Financial Institution Act, 2073 aim to provide to the general public?
- Quality and reliable banking and financial services (correct)
- Financial stability and necessary legal provisions
- Protection of depositors' rights and interests
- Healthy competition among banks and financial institutions
What is the date of authentication of the Bank and Financial Institution Act, 2073?
What is the date of authentication of the Bank and Financial Institution Act, 2073?
- 2073/01/01 BS
- 2073/01/10 BS (correct)
- 2074/01/10 BS
- 2074/01/01 BS
What is the Act number of the Bank and Financial Institution Act, 2073?
What is the Act number of the Bank and Financial Institution Act, 2073?
What is the purpose of the Bank and Financial Institution Act, 2073 in relation to the national economy?
What is the purpose of the Bank and Financial Institution Act, 2073 in relation to the national economy?
According to the Bank and Financial Institution Act, 2073, what is the main purpose of amending and consolidating the laws relating to banks and financial institutions?
According to the Bank and Financial Institution Act, 2073, what is the main purpose of amending and consolidating the laws relating to banks and financial institutions?
What is the date of authentication of the Bank and Financial Institution Act, 2073?
What is the date of authentication of the Bank and Financial Institution Act, 2073?
What is the Act number of the Bank and Financial Institution Act, 2073?
What is the Act number of the Bank and Financial Institution Act, 2073?
What does the Bank and Financial Institution Act, 2073 aim to provide to the general public?
What does the Bank and Financial Institution Act, 2073 aim to provide to the general public?
What is the purpose of the Bank and Financial Institution Act, 2073 in relation to the national economy?
What is the purpose of the Bank and Financial Institution Act, 2073 in relation to the national economy?
Flashcards
Purpose of amending bank laws (2073)
Purpose of amending bank laws (2073)
To build public trust in the banking system.
Act's goal for citizens
Act's goal for citizens
To ensure quality and reliable financial services.
Act Authentication Date (2073)
Act Authentication Date (2073)
2073/01/10 BS
Act Number (2073)
Act Number (2073)
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Act's economic impact (2073)
Act's economic impact (2073)
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Main purpose of amending bank laws
Main purpose of amending bank laws
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Act Authentication Date (2073)
Act Authentication Date (2073)
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Act Number (2073)
Act Number (2073)
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Act's role in public service
Act's role in public service
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Act impact on the national economy
Act impact on the national economy
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Study Notes
Bank and Financial Institution Act, 2073
- The purpose of amending and consolidating the laws relating to banks and financial institutions is to promote a stable and efficient financial system, ensure good governance, and protect the interests of depositors and customers.
- The Act aims to provide a safe and reliable banking system to the general public, ensuring the protection of depositors' money and promoting economic growth.
- The Act was authenticated on 2073-10-14 BS (Bikram Sambat).
- The Act number is 2073.
- The purpose of the Act in relation to the national economy is to promote economic growth, stability, and development by maintaining a sound and stable financial system.
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Description
Test your knowledge on the Bank and Financial Institution Act of Nepal! This quiz will assess your understanding of the amendments and consolidation of laws related to banks and financial institutions in Nepal.
