alleryThe Banking Regulation Act was enacted in the year:
A1949
B1934
C1961
D1881
Answer & Solution
Correct answer: A. 1949
1. The Reserve Bank Act came earlier, in 1934.
2. Deposit insurance came later, in 1961.
3. The Banking Regulation Act dates from 1949.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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