New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

      Which of the following is the sections under Banking

    Regulation Act Under which restrictions on loans and advances is made?
    A Section 19 Correct Answer Incorrect Answer
    B Section 20 Correct Answer Incorrect Answer
    C Section 21 Correct Answer Incorrect Answer
    D Section 22 Correct Answer Incorrect Answer
    E Section 25 Correct Answer Incorrect Answer

    Solution

    Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors.

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