Which act was established primarily to consolidate and amend laws relating to co-operative banks in India?The Banking Ombudsman Act, 2006The SARFAESI Act, 2002The Banking Laws (Amendment) Act, 2012The Banking Regulation Act, 1949 (as applied to Cooperative Societies)

Which legislation governs the operation of banking businesses in India? The Reserve Bank of India Act, 1934 The Companies Act, 2013 The Banking Regulation Act, 1949 The Securities and Exchange Board of India Act, 1992

The functions of banking institutions of India are regulated by which of the following acts?  A. Banking Regulation Act, 1959  B. Banking Regulation Act, 1949  C. Commercial Bank Regulation Act, 1958  D. RBI Act, 1957

History of Cooperative banks in India

What role do cooperative banks play in the Indian financial system? They focus on large corporate accounts. They cater to the financial needs of rural areas, especially agricultural operations. They regulate the interest rates of all other banks. They function only in urban areas.

Which reform aimed at reducing the non-performing assets (NPAs) in the Indian banking sector?Question 2AnswerA.FDI (Foreign Direct Investment)B.Make in India initiativeC.IBC (Insolvency and Bankruptcy Code)D.GST (Goods and Services Tax)