Question

    Which of the following act defines business functioning

    of a bank in India?
    A Reserve Bank of India Act, 1934 Correct Answer Incorrect Answer
    B Banking Regulation Act, 1948 Correct Answer Incorrect Answer
    C Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    D The Company Act, 1956 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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