Multiple choice

Under which act is the RBI empowered to issue directions to banking companies?

  1. RBI Act, 1935

  2. RBI Act, 1940

  3. Banking Regulation Act, 1949

  4. RBI Act, 1949

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Banking Regulation Act, 1949