5 Questions
Which act governs the powers, functions, and responsibilities of the RBI?
The Reserve Bank of India Act, 1934
Which act regulates the functioning of banks in India, including licensing, capital adequacy, and credit exposure?
The Banking Regulation Act, 1949
Which act regulates the foreign exchange transactions and promotes the orderly development of foreign exchange markets in India?
The Foreign Exchange Management Act, 1999
Which act prohibits money laundering and provides for the confiscation of property derived from, or used in, money laundering activities?
The Prevention of Money Laundering Act, 2002
Which of the following acts is NOT mentioned in the text?
The Securities and Exchange Board of India Act, 1992
Test your knowledge about the acts and regulations governing the banking sector in India. This quiz covers key information about the Reserve Bank of India Act, the Banking Regulation Act, and more. Perfect for banking professionals and anyone interested in the Indian financial system.
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