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    Question

    ______________ under the Banking Regulation Act, 1949,

    means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise. 
    A Banking Correct Answer Incorrect Answer
    B Time liability Correct Answer Incorrect Answer
    C Demand liability Correct Answer Incorrect Answer
    D Approved Securities Correct Answer Incorrect Answer

    Solution

    Section 5(b) Banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.

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