Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following powers is given to RBI under the Banking Regulation Act, 1949?
Which of the following powers is given to RBI under the Banking Regulation Act, 1949?
easy Q2 of 15
Step-by-Step Solution
Step 1: Recall RBI’s supervisory role
The Act authorises RBI to oversee bank operations.Step 2: Match with the correct power
Inspection of banks is explicitly provided under this Act.Final Answer:
Inspection of banks → Option BQuick Check:
RBI inspects banks using powers from this Act ✅
Quick Trick: Inspection + banks = RBI under Banking Regulation Act.
Common Mistakes:
MISTAKES- Linking currency issue powers to the Banking Regulation Act.
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