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    Question

    Which of the following acts empowers RBI to regulate

    Non-Scheduled Banks?
    A The Indian Contract Act, 1872 Correct Answer Incorrect Answer
    B The Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    C The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Correct Answer Incorrect Answer
    D The Negotiable Instruments Act, 1881 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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