alleryMatch each key section of Banking Regulation Act 1949 with its legal mandate:
A1-A, 2-B, 3-C
B1-B, 2-A, 3-C
C1-C, 2-B, 3-A
D1-A, 2-C, 3-B
Answer & Solution
Correct answer: A. 1-A, 2-B, 3-C
Section 5(b) defines banking, Section 24 mandates SLR, Section 35A gives RBI power to issue directions.
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