Module: | DEA Fund – Establishment & Legal Basis
Q1: Under which section of the Banking Regulation (BR) Act, 1949, was the Reserve Bank of India (RBI) empowered to formulate "The Depositor Education and Awareness Fund (DEA Fund) Scheme, 2014"?
✅ Correct Answer: A
The Reserve Bank of India (RBI) formulated "The Depositor Education and Awareness Fund (DEA Fund) Scheme, 2014" using the powers conferred upon it under Section 26A of the Banking Regulation (BR) Act, 1949.