11. The Banking Regulation Act, 1949 grants the Reserve Bank of India the power to issue licenses for:
a) Opening new branches
b) Establishing subsidiaries
c) Merging or amalgamating banks
d) All of the above
12. The Banking Regulation Act, 1949 contains provisions for:
a) Regulation of shareholding in banks
b) Regulation of insider trading in banks
c) Regulation of foreign exchange transactions
d) None of the above
13. The Banking Regulation Act, 1949 mandates that every banking company must maintain a certain percentage of its demand and time liabilities as cash reserve with the:
a) Central government
b) Reserve Bank of India
c) Indian Banks’ Association
d) State government
14. The Reserve Bank of India can cancel the license of a bank under the Banking Regulation Act, 1949 if it is unable to pay its debts or if it is deemed to be:
a) Insolvent
b) Fraudulent
c) Incompetent
d) All of the above
15. The Banking Regulation Act, 1949 requires banks to publish their annual balance sheets and profit and loss accounts in at least how many regional languages?
a) One
b) Two
c) Three
d) Four
