Question

Which one of the following is NOT an objective of the Banking Regulation Act?

• A. To safeguard the interests of depositors
• B. To develop banking institutions on sound lines
• C. To attune the monetary and credit system to national priorities
• D. To safeguard the interests of borrowers

Answer 1

Answer:

D. To safeguard the interests of borrowers

The BR Act mainly protects depositors and ensures sound banking, not borrower interests