Banking Awareness - Banking Acts, Reforms & Risk Management
One of the main objectives of the Banking Regulation Act, 1949 is to:
One of the main objectives of the Banking Regulation Act, 1949 is to:
medium Q5 of 15
Step-by-Step Solution
Step 1: Understand the broader objective
Regulation aims to protect depositors and the system.Step 2: Choose the most appropriate objective
Stability and public confidence are key goals.Final Answer:
Maintain stability and public confidence in banks → Option AQuick Check:
Sound regulation builds trust in banking system ✅
Quick Trick: Regulation always aims at stability and trust.
Common Mistakes:
MISTAKES- Confusing regulation objectives with insurance or recovery.
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