alleryStart learning →'Banking company' is defined by reference to which Act?
ABanking Regulation Act, 1949
BBanking Companies Act, 1970
CNegotiable Instruments Act, 1881
DReserve Bank Act, 1934
Answer & Solution
Correct answer: A. Banking Regulation Act, 1949
Section 2(9) adopts the definition in section 5(c) of the Banking Regulation Act, 1949.
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