jaiibmocktest.in

Question 1 reset

BR Act was enacted for

regulating banking companies

creating Reserve Bank

Question 2 reset

Central Government can give direction to the Reserve Bank.

True

False

Question 3 reset

All kinds of business of banks is regulated only by the Reserve Bank.

True

False

Question 4 reset

Central Government is the primary regulator of banks.

True

False

Question 5 reset

RBI is the

central bank of India

primary regulator of banks

both the above

Question 6 reset

State governments have no control over co-operative banks.

True

False

Question 7 reset

On cancellation of licence of any bank, an appeal lies with Central Government.

True

False

Question 8 reset

Government can exempt a bank from the provisions of BR Act

on the recommendation of RBI

if requested by a bank

Question 9 reset

Company matters of a banking company are regulated by

Authorities under the Companies Act

SEBI

Question 10 reset

A company wanting to commence banking business requires prior licence from the Reserve Bank.

True

False

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