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Banking Awareness Quiz – Set 184

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Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

      1. ______ of Banking Regulation Act, 1949 deals with disposal of non-banking assets.
        A. Section 6
        B. Section 7
        C. Section 8
        D. Section 9
        E. Section 10
        D. Section 9
        Explanation:
        Section 9 of Banking Regulation Act, 1949 deals with disposal of non-banking assets

      2. ______ of Banking Regulation Act, 1949 deals with prohibition of trading.
        A. Section 6
        B. Section 7
        C. Section 8
        D. Section 9
        E. Section 10
        C. Section 8
        Explanation:
        Section 8 of Banking Regulation Act, 1949 deals with prohibition of trading.

      3. ______ of Banking Regulation Act, 1949 deals with use of words “Banker”,”Bank”, “Banking” or “Banking Company”
        A. Section 6
        B. Section 7
        C. Section 8
        D. Section 9
        E. Section 10
        B. Section 7
        Explanation:
        Section 7 of Banking Regulation Act, 1949 deals with use of words “Banker”,”Bank”, “Banking” or “Banking Company”

      4. Section 17 of Banking Regulation Act, 1949 deals with _______
        A. Reserve Fund
        B. Cash Reserve
        C. Audit
        D. Assets in India
        E. None of these
        A. Reserve Fund
        Explanation:
        Section 17 of Banking Regulation Act, 1949 deals with Reserve Fund

      5. Section 18 of Banking Regulation Act, 1949 deals with _______
        A. Reserve Fund
        B. Cash Reserve
        C. Audit
        D. Assets in India
        E. None of these
        B. Cash Reserve
        Explanation:
        Section 18 of Banking Regulation Act, 1949 deals with Cash Reserve

      6. Section 25 of Banking Regulation Act, 1949 deals with _______
        A. Reserve Fund
        B. Cash Reserve
        C. Audit
        D. Assets in India
        E. None of these
        D. Assets in India
        Explanation:
        Section 25 of Banking Regulation Act, 1949 deals with Assets in India.

      7. Section 30 of Banking Regulation Act, 1949 deals with _______
        A. Reserve Fund
        B. Cash Reserve
        C. Audit
        D. Assets in India
        E. None of these
        C. Audit
        Explanation:
        Section 30 of Banking Regulation Act, 1949 deals with Audit.

      8. Which of the following section of Banking Regulation Act, 1949 deals with licensing of banking companies?
        A. Section 18
        B. Section 21
        C. Section 22
        D. Section 23
        E. Section 24
        C. Section 22
        Explanation:
        Section 22 of Banking Regulation Act, 1949 deals with licensing of banking companies

      9. Which of the following section of Banking Regulation Act, 1949 deals with restrictions on loans and advances?
        A. Section 18
        B. Section 21
        C. Section 20
        D. Section 23
        E. Section 24
        C. Section 20
        Explanation:
        Section 20 of Banking Regulation Act, 1949 deals with restrictions on loans and advances.

      10. Which of the following section of Banking Regulation Act, 1949 deals with maintenance of a percentage of assets?
        A. Section 18
        B. Section 21
        C. Section 20
        D. Section 23
        E. Section 24
        E. Section 24
        Explanation:
        Section 24 of Banking Regulation Act, 1949 deals with maintenance of a percentage of assets