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Questions and Answers
Who is authorized to inspect banks according to the Banking Regulation Act?
Who is authorized to inspect banks according to the Banking Regulation Act?
- SBI
- Central Government
- Banking Companies
- RBI (correct)
What is the consequence of wilfully making a false statement in any return, balance sheet, or other documents under the Banking Regulation Act?
What is the consequence of wilfully making a false statement in any return, balance sheet, or other documents under the Banking Regulation Act?
- Verbal Warning
- Imprisonment
- Community Service
- Fine (correct)
Under which section of the Banking Regulation Act are banks authorized to return paid cheques to issuing customers?
Under which section of the Banking Regulation Act are banks authorized to return paid cheques to issuing customers?
- Sec 45ZA
- Sec 52
- Sec 45Y
- Sec 45Z (correct)
Who can accept deposits withdrawable by cheque from the public according to the Banking Regulation Act?
Who can accept deposits withdrawable by cheque from the public according to the Banking Regulation Act?
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Who can specify the period for which banks should preserve various records under the Banking Regulation Act?
Who can specify the period for which banks should preserve various records under the Banking Regulation Act?
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Which entity can impose a penalty for violations or defaults under the Banking Regulation Act?
Which entity can impose a penalty for violations or defaults under the Banking Regulation Act?
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