41. The Banking Regulation Act, 1949 provides protection to bank employees who disclose information related to malpractice or irregularity. Such employees are known as:
a) Whistleblowers
b) Investigators
c) Insiders
d) Auditors
42. The Banking Regulation Act, 1949 prohibits banks from collecting undue charges or commissions for services rendered. The charges and commissions must be reasonable and approved by the:
a) Ministry of Finance
c) Indian Banks’ Association
d) Central government
43. Which entity has the power to investigate the affairs of a banking company and inspect its books of accounts under the Banking Regulation Act, 1949?
a) Ministry of Finance
b) Reserve Bank of India
c) Indian Banks’ Association
d) Central government
44. The Banking Regulation Act, 1949 allows banking companies to issue shares of different classes, such as:
a) Preference shares
b) Equity shares
c) Redeemable shares
d) All of the above
45. Under the Banking Regulation Act, 1949, every banking company is required to maintain a minimum percentage of its net profits as a:
a) Statutory Reserve
b) General Reserve
c) Capital Reserve
d) Credit Reserve
