New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The Central Government, if on a representation made by

    the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification in the Official Gazette, suspend for such period, _______________________ as may be specified in the notification, the operation of all or any of the provisions of this Act, either generally or in relation to any specified banking company.
    A Exceeding thirty days Correct Answer Incorrect Answer
    B Exceeding sixty days Correct Answer Incorrect Answer
    C Not exceeding sixty days Correct Answer Incorrect Answer
    D Not exceeding six months Correct Answer Incorrect Answer

    Solution

    Banking Regulation Act Section 4. Power to suspend operation of Act: (1) The Central Government, if on a representation made by the Reserve Bank in this behalf is satisfied that it is expedient so to do, may by notification in the Official Gazette, suspend for such period, not exceeding sixty days, as may be specified in the notification, the operation of all or any of the provisions of this Act, either generally or in relation to any specified banking company

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