Major Laws on Finance and Financial Crimes

1. In which year was the Banking Regulation Act enacted?

  1. 1949
  2. 1969
  3. 1991
  4. 1980
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Answer: Option A. 1949

2. When was the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits, and Services) Act passed?

  1. 2009
  2. 2020
  3. 2018
  4. 2016
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Answer: Option D. 2016

3. The Banking Regulation Act, 1949 grants which institution the power to regulate bank licensing, shareholding, and voting rights of shareholders?

  1. Ministry of Finance
  2. Reserve Bank of India
  3. State Governments
  4. National Stock Exchange
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Answer: Option B. Reserve Bank of India

4. All fees collected or revenue generated by the UIDAI are deposited in which of the following?

  1. Consolidated Fund of India
  2. Public Provident Fund
  3. State Bank of India
  4. Special Development Fund
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Answer: Option A. Consolidated Fund of India

5. Which chapter of the Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits, and Services) Act details the powers and functions of the Unique Identification Authority of India (UIDAI)?

  1. Chapter I
  2. Chapter VII
  3. Chapter IV
  4. Chapter III
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Answer: Option C. Chapter IV