Hello and welcome to exampundit. Today we are sharing Important Banking Awareness Questions on Important Sections of Banking Act. We have created the questions based on the Note Diameters, Color, Motif & other important information.

The followingÂ Banking and Financial Awareness Quiz on Important Sections of Banking Act is important for the upcoming IBPS PO, Clerk, IBPS RRB and Indian Bank PGDBF 2018.

Following set ofÂ Banking and Financial Awareness Quiz has 12 questions From Important Sections of Banking Act with 5 minutes time and moderate level of difficulty.

The following questions are created as per the recent trends and level of Bank PO & Clerk General Awareness 2018.

**Test Name:** Banking Awareness Quiz for Bank PO & Clerk 2018

**Duration:Â **5 min

**Level:** Moderate

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**Banking Awareness Quiz on Important Sections of Banking Regulations Act 1949**

1. How many sections are there in total in Banking Regulation Act 1949?

(1) 48

(2) 54

(3) 47

(4) 56

(5) 51

2. Which of the following section in the Banking Regulation Act 1949 defines the use of words â€śbankâ€ť, â€śbankerâ€ť, â€śbankingâ€ť or â€śbanking companyâ€ť?

(1) Section 1

(2) Section 7

(3) Section 2

(4) Section 3

(5) Section 5

3. Which section of Banking Regulation Act 1949 give Power to the Reserve Bank to give directions?

(1) Section 42

(2) Section 42A

(3) Section 47

(4) Section 47A

(5) Section 35A

4. In which of the following section co-operative societies are introduced in Banking Regulation Act 1949?

(1) Section 31

(2) Section 48

(3) Section 56

(4) Section 37

(5) Section 28

5. Which section of Banking Regulation Act 1949 gives power to Reserve Bank to impose penalty?

(1) Section 39A.

(2) Section 42A.

(3) Section 35A.

(4) Section 47A.

(5) Section 27A.

6. Which section of Banking Regulation Act 1949 has Statutory Liquidity Ratio?

(1) Section 24

(2) Section 22

(3) Section 23

(4) Section 25

(5) Section 21

7. Which of the following falls under Section 11 of Banking Regulation Act 1949?

(1) Restrictions on loans and advances.

(2) Restrictions as to payment of dividend.

(3) Cash Reserves

(4) Licensing of banking companies.

(5) Requirement as to minimum paid-up capital and reserves.

8. Which section of Banking Regulation Act 1949 gives power to Central Government to make rules?

(1) Section 7

(2) Section 52

(3) Section 21

(4) Section 38

(5) Section 47

9. Which section of Banking Regulation Act 1949 gives power to Reserve Bank to appoint chairman of the Board of directors appointed on a whole-time basis or a managing director of a banking company?

(1) Section 8A

(2) Section 10BB

(3) Section 7B

(4) Section 10A

(5) Section 12AA

10. Under which section of Banking Regulation Act 1949 banks are prohibited from opening a new branch without Reserve Bank of Indiaâ€™s approval?

(1) Section 28

(2) Section 26

(3) Section 23

(4) Section 18

(5) Section 34

11. Under which section of Banking Regulation Act 1949, special provisions for Private Banking Companies directed?

(1) Section 49

(2) Section 47

(3) Section 51

(4) Section 43

(5) Section 55

12. Which of the following section of Banking Regulation Act 1949 directs licensing of banking companies?

(1) Section 20

(2) Section 15

(3) Section 29

(4) Section 22

(5) Section 38

Don’t forget to read theÂ **Important Sections in Banking Regulation Act 1949**

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