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Other Acts & Provisions related to Banking
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2
3
4
5
1.
In which year was the Indian Contract Act enacted, which governs contracts in the banking sector?
1862
1872
1882
1892
2.
Which regulations govern bank mergers in India under the Competition Act, 2002?
Banking Regulation Act, 1949
Combination Regulations, 2011
Securities and Exchange Board of India Act, 1992
Reserve Bank of India Act, 1934
3.
What is the period of limitation for filing a suit related to a demand loan under the Limitation Act, 1963, in India?
1 year
2 years
3 years
5 years
4.
Which of the following measures is mandated by the Information Technology Act, 2000, to enhance security in banking transactions in India?
Regular employee training programs
Designating a network and database administrator
Offering financial incentives for customers
Implementing mobile banking apps
5.
What is required for a registered trade union in India to change its name according to the Act?
Approval from the Registrar
Consent of at least two-thirds of its total members
A majority vote from the members
No specific requirements
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These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.
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