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GK
GK Set-1
Economics
Banking System
154

Banking System MCQ (GK Set-1) with Answers

154) Acceptance of deposits by non - banking financial companies is regulated by RBI under:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998

Non- banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998

Answer is:

Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

155) If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:

RBI Act 1934

Banking companies Act

Companies Act 1956

Central Government

Answer is:

Companies Act 1956

156) Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:

Public

Relatives in the from of loans

Friends

All of the above

Answer is:

Relatives in the from of loans

157) Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:

Section 7 of Banking Regulation Act

Section 7 of RBI Act

Section 7 of SEBI Act

Section 7 of Nationalization Act

Answer is:

Section 7 of Banking Regulation Act

158) In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act

Section 22 of banking Regulation Act

Section 22 of RBI Act

Section 22 of NABARD

KYC Guidelines by RBI

Answer is:

Section 22 of banking Regulation Act

Banking System MCQ (GK Set-1) with Answers

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