Multiple choice

Directions: Choose the correct option for the given question.

When was Banking Companies Act introduced?

  1. In 1950

  2. In 1960

  3. In 1949

  4. In 1970

  5. In 1986
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Banking Companies Act was indeed introduced in 1949. This was a landmark legislation that governed banking companies in India post-independence. It established the regulatory framework for banking operations in the country.

Keep practicing — related questions