Multiple choice

The Banking Regulation Act of 1949 came into force on _______ as a result of the long-felt need to regulate the banking business in India and protect the interests of a number of depositors.

  1. 14th March, 1949

  2. 15th March, 1949

  3. 16th March, 1949

  4. 17th March, 1949

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

The Banking Regulation Act of 1949 came into force on 16th March, 1949.