Multiple choice

Which among the following cannot be done by the Central Govt. for regulation of banks in India?

  1. Giving approval for formation of subsidiary by a bank for certain type of business

  2. Issuing notification with reference to accounts and balance sheet u/s 29 of BR Act

  3. Suspending business and amalgamating a bank u/s 45 of Banking Regulation Act

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Government can take all the above actions for regulation of banks in India.

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