alleryWhich Act governs commercial banks in India?
ACompanies Act of 2013
BPartnership Act of 1932
CContract Act of 1872
DBanking Regulation Act 1949
Answer & Solution
Correct answer: D. Banking Regulation Act 1949
1. Banking means accepting deposits for lending or investment.
2. The governing law is named in the source.
3. It is the Banking Regulation Act, 1949.
_Source: syllabus Business Studies, Chapter 4, Business Services._
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