MCQs: Banking Regulation Act, RBI Act & NaBFID
MCQs: Banking Regulation Act, 1949, RBI Act, 1934 & NaBFID Test your knowledge on important banking laws and institutions. Ideal for competitive exams like IBPS, SBI, RBI Grade B, and more. Q1: Suppose a DFI gives a loan of Rs. 10,00,000 at an interest rate of 8% for 5 years. What is the total interest earned? a) Rs. 3,00,000 b) Rs. 4,00,000 c) Rs. 5,00,000 d) Rs. 6,00,000 Answer: b) Rs. 4,00,000 Q2: In which year was the Banking Regulation Act enacted? a) 1935 b) 1949 c) 1956 d) 1969 Answer: b) 1949 Q3: Which section of the Banking Regulation Act gives RBI the power to inspect banks? a) Section 22 b) Section 35 c) Section 49 d) Section 21 Answer: b) Section 35 Q4: What is the minimum paid-up capital required for a new bank under the Banking Regulation Act? a) Rs. 5 crore b) Rs. 10...