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    Question

    The Banking Regulations Act, 1949 was passed as which of

    the following Acts____________
    A Banking Regulation Act, 1966 Correct Answer Incorrect Answer
    B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    C Banking Companies Act, 1949 Correct Answer Incorrect Answer
    D Banking Companies Act, 1956 Correct Answer Incorrect Answer

    Solution

    The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms. Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966.

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