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Questions and Answers
Which act governs the powers, functions, and responsibilities of the RBI?
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?
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?
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?
Which act prohibits money laundering and provides for the confiscation of property derived from, or used in, money laundering activities?
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Which of the following acts is NOT mentioned in the text?
Which of the following acts is NOT mentioned in the text?
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