Challenger App

No.1 PSC Learning App

1M+ Downloads
Under which act are Local Area Banks governed?

ACompanies Act, 2013

BBanking Regulation Act, 1949

CRBI Act, 1934

DCooperative Societies Act

Answer:

B. Banking Regulation Act, 1949

Read Explanation:

.


Related Questions:

What is the basis of evaluation of risk in insurance?
The most common part is to negotiable instruments are of --- types.
If a bank observes rapid movement of funds with no clear economic rationale, the bank must:
The authority responsible for updating and maintaining the list of Scheduled Banks in India is:
What is a primary use of Micro ATMs in rural areas?