IBPS SO Law Officer Banking Regulation 2026, FREE PDF & Quiz

1. The Banking Regulation Act was enacted in which year?

2. The Banking Regulation Act, 1949 came into force on:

3. Before it was renamed in 1966, the Banking Regulation Act, 1949 was known as the:

4. Under Section 5(b), ‘banking’ principally means accepting deposits of money from the public for the purpose of:

5. Which provision contains the interpretation clause and key definitions under the Banking Regulation Act?

6. A ‘banking company’ under Section 5(c) is a company which:

7. Section 6 of the Banking Regulation Act primarily deals with:

8. The restriction on the use of the words ‘bank’, ‘banker’, ‘banking’ or ‘banking company’ is principally contained in:

9. Which section generally prohibits a banking company from directly or indirectly dealing in the buying or selling of goods except in permitted circumstances?

10. Which section restricts loans and advances by a banking company to its directors and certain connected concerns?

11. The Reserve Bank’s power to control advances by banking companies is found in:

12. A company cannot carry on banking business in India unless it holds a licence issued by the RBI under:

13. Opening a new place of business or shifting an existing place of business by a banking company is regulated principally by:

14. The statutory requirement concerning maintenance of a percentage of assets by banking companies is contained in:

15. Section 26 of the Banking Regulation Act deals with:

16. The Depositor Education and Awareness Fund is established under:

17. Which provision requires banking companies to prepare accounts and balance sheets in the prescribed form?

18. The audit of banking companies is dealt with principally in:

19. The RBI’s statutory power to inspect banking companies is primarily found in:

20. The RBI’s general power to issue directions to banking companies in public interest or banking-policy interests is contained in: