BR Act & RBI Act JAIIB Topic Wise Mock Test / Quiz

Banking Regulation Act, 1949 is an Act of the Parliament of India that regulates banking in India. The Reserve Bank of India (RBI) is India’s central bank, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

In this Quiz you can take a quick mock test / quiz on BR Act & RBI Act which is one of the topic of JAIIB.

BR Act & RBI Act JAIIB Topic Wise Mock Test / Quiz

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BR Act & RBI Act JAIIB Topic Wise Mock Test / Quiz

1 / 15

Under Section 13 of Banking Regulation Act, 1949 on issue of equity shares the maximum amount payable by a banking company by way of brokerage, commission, discount or remuneration can be ________ .

2 / 15

Under section 15 of the Banking Regulation Act, 1949 a banking company can pay dividend on its shares when ________ .

3 / 15

The Banks are required to maintain CRR on the NDTL of last Friday of the _________ .

4 / 15

A director of a banking company, other than its Chairman or whole time Director, by whatever name called, can't hold office continuously for a period exceeding _________ .

5 / 15

Policy relating to opening / shifting etc. if bank branches is covered under section _____ of the Banking Regulation Act:

6 / 15

Mutilated note is one which is _________ .

7 / 15

A banking company can't hold any immovable property, howsoever acquired except such as is required for its own use, for a period longer than 7 years as per section _______ Of the B.R.Act 1949.

8 / 15

Under which section of BR Act'1949, every banking company has to submit annual statement of all those accounts which are lying under inoperative category for the last 10 years (called unclaimed deposits) ________ .

9 / 15

Requirements related to CRR to be maintained by a banking company are given in ________ .

10 / 15

A chit fund company wants to open FDR of Rs. 10 crores for 3 years. what will be the course of action by a branch?

11 / 15

Banking Regulation ACT'1949 does not apply to __________ .

12 / 15

One rupee notes bear the signatures of ________ .

13 / 15

Banks are required to preserve the old records as per rules framed by central govt. as per provisions of the following Act:

14 / 15

As per sec 17 of BR Act, every banking company incorporated in India is required to transfer to statutory reserve at least ________ .

15 / 15

Statutory Return prescribed by RBI for SLR under sec 24 of BR Act is ?

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