Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following is NOT governed by the Banking Regulation Act, 1949?
Which of the following is NOT governed by the Banking Regulation Act, 1949?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify what the Act covers
The Act governs regulation and supervision of banks.Step 2: Spot the unrelated function
The RBI was established under the RBI Act, 1934.Final Answer:
Establishment of the Reserve Bank of India → Option DQuick Check:
RBI creation ≠ Banking Regulation Act, 1949 ✅
Quick Trick: Creation of RBI always links to RBI Act, 1934.
Common Mistakes:
MISTAKES- Assuming Banking Regulation Act also created RBI.
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