📝 One-liners · 66 cards
CAIIB BRBL LIVE Class 2 By Ashish Sir
What is the primary objective of the Banking Regulation Act, 1949?
The Banking Regulation Act, 1949 aims to regulate and supervise banking companies in India to protect depositors' interests and ensure orderly development of banking.
What is the full form of BRBL in the CAIIB examination?
Banking Regulations and Business Laws
Under which section of the Banking Regulation Act is 'banking' defined?
Banking is defined under Section 5(b) of the Banking Regulation Act, 1949 as accepting deposits from the public repayable on demand or otherwise and withdrawable by cheque, draft or order.
Which Act governs the formation and regulation of banking companies in India?
Banking Regulation Act, 1949 governs banking companies
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for CAIIB BRBL LIVE Class 2 By Ashish Sir.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days