In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'b – McqOptions

MCQOPTIONS

1.	In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'banking company' means any company which [IBPS Clerk 2015]
A.	transacts the business of banking in India
B.	undertakes lending of money
C.	accepts deposits from public and invests the same as trade and industry
D.	accepts deposits from public
E.	All of the above
Answer» F.

Discussion

No Comment Found

Related MCQs

In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'banking company' means any company which [IBPS Clerk 2015]
The government of India has undertaken programme of recapitalisation of Public Sector Banks to help them enhance business growth and [SBI PO 2014]
Coin of which of the following denominations is called Small Coin? [RBI Assistant 2012]
Which of the following are the instruments of Credit Control in the hands of the RBI? I. Lowering or raising the discount and interest rates. II. Raising the minimum support price of the major agro products. III. Lowering or raising the minimum cash reserves maintained by the commercial banks. Select the correct answer using the codes given below
In 1988, the BCBS in Basel, Switzerland, published a set of minimum capital requirements for banks. What is BCBS?
One rupee notes and coins are issued by
Prior approval (as also a licence) of RBI is required for opening
What are the co-operative banks at the village level known as?
The bank rate is
Which of the following is not a function of the Reserve Bank of India?