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    Question

    When was the Banking Regulation Act passed?

    A 1939 Correct Answer Incorrect Answer
    B 1954 Correct Answer Incorrect Answer
    C 1949 Correct Answer Incorrect Answer
    D 1956 Correct Answer Incorrect Answer
    E 1926 Correct Answer Incorrect Answer

    Solution

    The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Initially, the law was applicable only to Banking companies.

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