alleryStart learning →Which 1949 law empowered the RBI to regulate, control and inspect banks?
ABanking Regulation Act
BCompanies Act, 2013
CNegotiable Instruments Act
DForeign Exchange Act
Answer & Solution
Correct answer: A. Banking Regulation Act
The Banking Regulation Act of 1949 gave the RBI powers to regulate, control and inspect banks in India.
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