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- In which year the Banking Regulation Act 1949 was amended to make it applicable to cooperative banks?
A)1962
B)1965
C)1964
D)1940
- Which section was added in the Banking regulation Act to include the Cooperative Banks under its purview?
A) Section 60
B) Section 63
C) Section 56
D) Section 78
- The Banking Regulation Act was initially passed by what name?
A) Banking Regulation Act 1949
B) Banking Companies Act 1949
A) Banking Units Act
B) None of the Above
- What is Section 7 of the RBI Act 1934?
A) It allows RBI to issue new notes.
B) It allows the RBI to recruit new staff.
C) It allows RBI to buy and sell securities.
D) It empowers the government to give directions to RBI.
- As per Section 31 of the RBI, who can issue and accept promissory notes that are payable on demand in India?
A) RBI
B) Central Government
C) Both A and B
D) None of these
- Which section of the RBI allows the RBI to provide loans to banks and state financial corporations?
A) 17
B) 18
C) 19
D) 20
- Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?
A) 88
B) 45
C) 55
D) 22
- Which section of the RBI Act allows the RBI to form rules regarding the exchange of damaged and imperfect notes?
A) 25
B) 29
C) 42
D) 28
- Where is the headquarters of Bank Of Baroda?
A) Bangalore
B) New Delhi
C) Mumbai
D) Vadodara
- Which section of the RBI decribes the legal tender character to Indian Bank notes?
A) 18
B) 42
C) 22
D) 56