Banking Sector Regulations in India

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Questions and Answers

Which act governs the powers, functions, and responsibilities of the RBI?

  • The Foreign Exchange Management Act, 1999
  • The Banking Regulation Act, 1949
  • The Reserve Bank of India Act, 1934 (correct)
  • The Prevention of Money Laundering Act, 2002

Which act regulates the functioning of banks in India, including licensing, capital adequacy, and credit exposure?

  • The Banking Regulation Act, 1949 (correct)
  • The Prevention of Money Laundering Act, 2002
  • The Foreign Exchange Management Act, 1999
  • The Reserve Bank of India Act, 1934

Which act regulates the foreign exchange transactions and promotes the orderly development of foreign exchange markets in India?

  • The Foreign Exchange Management Act, 1999 (correct)
  • The Prevention of Money Laundering Act, 2002
  • The Reserve Bank of India Act, 1934
  • The Banking Regulation Act, 1949

Which act prohibits money laundering and provides for the confiscation of property derived from, or used in, money laundering activities?

<p>The Prevention of Money Laundering Act, 2002 (C)</p> Signup and view all the answers

Which of the following acts is NOT mentioned in the text?

<p>The Securities and Exchange Board of India Act, 1992 (D)</p> Signup and view all the answers

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