Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  When did the Banking Regulation Act, 1949 become applicable to the state of Jammu & Kashmir?

a. 1949
b. 1970
c. 1956
d. 1966


ANSWER: See Answer
 
Initially, this act was passed as Banking Companies Act, 1949 and it was applicable to whole of India except Jammu & Kashmir. It became applicable to Jammu and Kashmir from 1956.
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