Module: General Practice
Q9: Which section of the Banking Regulation Act, 1949, defines the banks that are not included in the RBI Act, 1934?
✅ Correct Answer: B
Clause (c) of Section 5 of the Banking Regulation Act, 1949.
This clause defines the banks that are not included in the RBI Act, 1934, often related to the Cooperative Banks Structure.
It is a crucial legal detail for understanding the Banking Structure in India.
This clause defines the banks that are not included in the RBI Act, 1934, often related to the Cooperative Banks Structure.
It is a crucial legal detail for understanding the Banking Structure in India.