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The ______ exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.
  • a)
    Department of Communication
  • b)
    Department of Co-operative Bank Supervision
  • c)
    Department of Government and Bank Accounts
  • d)
    Department of Banking Regulation
  • e)
    Department of Economic and Policy Research
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The ______ exercises regulatory powers in respect of commercial banks...
The Department of Banking Regulation exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.
Hence, the correct option is (D).
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The ______ exercises regulatory powers in respect of commercial banks, Local Area Banks (LABs) and Regional Rural Banks (RRBs) as per the provisions contained in the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Regional Rural Banks Act, 1975 and other related statutes.a)Department of Communicationb)Department of Co-operative Bank Supervisionc)Department of Government and Bank Accountsd)Department of Banking Regulatione)Department of Economic and Policy ResearchCorrect answer is option 'D'. Can you explain this answer?
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