In this article, we are providing you MCQ on Banking Regulation Act 1949 which will help you to understand The Banking Regulation Act 1949 MCQ pdf with Answers multiple-choice questions
MCQ on Banking Regulation Act 1949
1) When did The Banking Regulation Act 1949, come into force?
A) 01 April 1950
B) 16 March 1949
C) 01 May 1949
D) 23 April 1950
Answer –B) 16 March 1949
2) Which section of The Banking Regulation Act 1949 deals with the Disposal of non-banking assets?
A. Section 12 of The Banking Regulation Act 1949
B. Section 9 of The Banking Regulation Act 1949
C. Section 14 of The Banking Regulation Act 1949
D. Section 20 of The Banking Regulation Act 1949
Answer B. Section 9 of The Banking Regulation Act 1949
- Which section of The Banking Regulation Act 1949 deals with the Prohibition of common directors_?
A. Section 16 of The Banking Regulation Act 1949
B. Section 14 of The Banking Regulation Act 1949
C. Section 13 of The Banking Regulation Act 1949
D. Section 18 of The Banking Regulation Act 1949
Answer – A. Section 16 of The Banking Regulation Act 1949
- Section 25 of The Banking Regulation Act 1949deals with_______?
A. Restriction on nature of subsidiary companies
B. Assets in India
C.Licensing of banking companies
D.Cash reserve
Ans- B. Assets in India
5.Power of Reserve Bank to control advances by banking companies,is provided in section____ of The Banking Regulation Act 1949
A. Section 24 of The Banking Regulation Act 1949
B. Section 22 of The Banking Regulation Act 1949
C. Section 21 of The Banking Regulation Act 1949
D. Section 23 of The Banking Regulation Act 1949
Ans- C. Section 21 of The Banking Regulation Act 1949
- Section 18 of The Banking Regulation Act 1949provides _?
A.Cash reserve
B. Licensing of banking companies.
C. Reserve Fund.
D.. Assets in India
Ans A.Cash reserve
MCQ on The Banking Regulation Act 1949 with answers pdf
- Which section of The Banking Regulation Act 1949 deals with Use of the words “bank”, “banker”, “banking” or “banking company”?
A. Section 7 of The Banking Regulation Act 1949
B. Section 4 of The Banking Regulation Act 1949
C. Section 5 of The Banking Regulation Act 1949
D. Section 9 of The Banking Regulation Act 1949
Answer – A. Section 7 of The Banking Regulation Act 1949
- Section 12 of The Banking Regulation Act 1949 deals with_______?
A.Application of other laws not barred
B.Regulation of paid-up capital, subscribed capital, and authorized capital and voting rights of shareholders
C.Disposal of non-banking assets
D. Prohibition of common directors
Ans- B.Regulation of paid-up capital, subscribed capital, and authorized capital and voting rights of shareholders
9) Which section of The Banking Regulation Act 1949 deals with the Form of business in which banking companies may engage. ?
A. Section 7 of The Banking Regulation Act 1949
B. Section 9 of The Banking Regulation Act 1949
C. Section 4 of The Banking Regulation Act 1949
D. Section 6 of The Banking Regulation Act 1949
Answer D. Section 6 of The Banking Regulation Act 1949
10) Section 10 of The Banking Regulation Act 1949 deals with_______?
A. Prohibition of trading
B.. Restrictions as to payment of dividend
C. Prohibition of employment of managing agents and restrictions on certain forms of employment
D. Restrictions on loans and advances
Answer- C. Prohibition of employment of managing agents and restrictions on certain forms of employment
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