CAIIB BRBL LIVE Class 2 By Ashish Sir
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
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
What minimum percentage of demand and time liabilities must banks maintain as Cash Reserve Ratio (CRR)?
The Reserve Bank of India prescribes the CRR under Section 42 of the RBI Act, 1934; currently there is no statutory floor, but RBI sets it administratively and banks must comply with the prescribed rate.
What is the meaning of 'Banker's Lien' in banking law?
Right of bank to retain customer's property against dues
What does Statutory Liquidity Ratio (SLR) require commercial banks to maintain?
SLR requires scheduled commercial banks to maintain a prescribed percentage of their net demand and time liabilities (NDTL) in the form of cash, gold, or approved securities under Section 24 of the Banking Regulation Act.
What is a 'Promissory Note' under the Negotiable Instruments Act, 1881?
Written unconditional promise to pay a certain sum of money
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