Banking Awareness Quiz – Set 184

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. 1. 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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
         

         Answer & Explanation

         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
          

          Answer & Explanation

          E. Section 24
          Explanation:
          Section 24 of Banking Regulation Act, 1949 deals with maintenance of a percentage of assets