Banking Awareness - Banking Acts, Reforms & Risk Management
Under the Banking Regulation Act, 1949, RBI can take action against banks mainly to:
Under the Banking Regulation Act, 1949, RBI can take action against banks mainly to:
hard Q10 of 15
Step-by-Step Solution
Step 1: Recall RBI’s enforcement role
RBI ensures banks follow rules.Step 2: Identify the correct purpose
Actions are taken to enforce compliance.Final Answer:
Ensure compliance with banking norms → Option BQuick Check:
Compliance enforcement is RBI’s key role under this Act ✅
Quick Trick: RBI acts when banks violate norms.
Common Mistakes:
MISTAKES- Assuming RBI’s role is profit-oriented or insurance-based.
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