The Banking Regulation Act 1949, came into force on

16th March 1949

19th July 1969

1st July 1949

1st January 1949

None of these

B R Act is not applicable to

State Bank group

Foreign Banks

New Generation Private Sector Banks

Primary Agricultural co-operative societies

None of these

Section 45ZA of the BR act is about

Power of RBI to remove managerial and other persons from office

Return of unclaimed deposits

Business that can be undertaken by the Banks

Holding of land and buildings

Nomination in respect of Bank Deposits

Under Sec _____ of BR Act, inspection of branches of Indian banks situated abroad is to be carried out by

12

35

45

None

As per Sec 26 of B R Act, every banking company is required to prepare its final accounts as per the format
prescribed in

II schedule of Reserve Bank of India Act

III schedule of Banking Regulation act

Table A of companies Act

Suggested by Association of Chartered Accountants

None of these

In terms of Section 12 of Banking Regulation Act 1949, the minimum ratio between Authorised, subscribed
and paid up capital of a banking company should be

2:2:1

1 :1:1

4:2:1

3:2:1

None

The customer has a right to ask the bank to return the paid instruments before the expiry period of
preservation. This is under

Section 13 of B R Act

Section 45z of B R Act

Sec 34 of B R Act

Sec 12 of B R Act

None of these

Selective Credit Control is exercised by RBI under the provisions of Sec____ of B R Act

21

26

35

42

None

As per the provisions of Sec____ of _____ Act, banks are required to maintain SLR

42, BR Act

24, RBI Act

24, BR Act

42, RBI Act

Sec ___ of B R Act, banks are required to seek approval from RBI before opening branches

21

22

23

24

35

Before declaring dividend, a banking company has to transfer not less than ___% of the profit to Reserve
Fund, as per the provisions of Sec 17 of BR Act

25

15

10

20

None

As per Sec ____ of B R Act, a banking company shall not grant any loan against its own shares

16

17

19

20

24

Minimum capital requirement for domestic banks & foreign banks are (only for Pvt sector banks) is
prescribed under Sec ____ of B R Act.

11

None

As per section 12 of BR Act, a shareholder, irrespective of his holdings, can not exercise more than ____ of
the total voting rights of all the shareholders of the bank.

10

15

12

None

A loss making bank can make donations only upto Rs. ___________ during a Financial year

10 lakhs

5 lakhs

1 lakh

No such stipulation

None of theses