36. The Banking Regulation Act, 1949 mandates that every banking company must submit periodic returns to the Reserve Bank of India on aspects such as:
a) Capital adequacy
b) Asset quality
c) Profitability
d) All of the above
37. The Banking Regulation Act, 1949 restricts banks from creating or allowing any charge on their assets without the prior approval of the:
a) Ministry of Finance
b) Reserve Bank of India
c) Indian Banks’ Association
d) Central government
38. The Banking Regulation Act, 1949 prohibits banks from granting loans and advances to certain categories of borrowers without obtaining the prior permission of the:
a) Ministry of Finance
b) Reserve Bank of India
c) Indian Banks’ Association
d) Central government
39. The Banking Regulation Act, 1949 requires banks to maintain a certain percentage of their net demand and time liabilities as:
a) Statutory Liquid Assets
b) Legal Liquid Assets
c) Cash Reserve Ratio
d) Statutory Reserve Ratio
40. The maximum penalty that can be imposed under the Banking Regulation Act, 1949 for contravention of any provision is up to:
a) INR 1 lakh
b) INR 10 lakhs
c) INR 1 crore
d) INR 10 crores
