Banking Awareness - Banking Acts, Reforms & Risk Management
The Banking Regulation Act, 1949 helps RBI primarily to:
The Banking Regulation Act, 1949 helps RBI primarily to:
medium Q7 of 15
Step-by-Step Solution
Step 1: Recall RBI’s function under this Act
The Act strengthens RBI’s supervisory role.Step 2: Identify the correct activity
Supervision and control of banks is the core role.Final Answer:
Supervise and control banking operations → Option CQuick Check:
RBI controls banks using this Act ✅
Quick Trick: Control of banks = RBI + Banking Regulation Act.
Common Mistakes:
MISTAKES- Mixing RBI’s monetary functions with regulatory ones.
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