26. Under the Banking Regulation Act, 1949, every banking company must submit its financial statements to the Reserve Bank of India within:
a) 30 days from the end of the financial year
b) 60 days from the end of the financial year
c) 90 days from the end of the financial year
d) 180 days from the end of the financial year
27. The Banking Regulation Act, 1949 mandates that banks must obtain prior approval from the Reserve Bank of India before appointing a person as its:
a) Chief Executive Officer
b) Chief Financial Officer
c) Chairman
d) All of the above
28. The Banking Regulation Act, 1949 prohibits banks from granting unsecured loans or advances to their employees exceeding a certain percentage of their respective salaries. This percentage is fixed by the:
a) Ministry of Finance
b) Reserve Bank of India
c) Indian Banks’ Association
d) Central government
29. Under the Banking Regulation Act, 1949, all scheduled banks are required to maintain a minimum capital adequacy ratio as prescribed by the:
a) Ministry of Finance
b) Reserve Bank of India
c) Indian Banks’ Association
d) Central government
30. The Banking Regulation Act, 1949 provides the framework for regulation and supervision of entities engaged in:
a) Banking
b) Insurance
c) Mutual funds
d) All of the above
