MCQOPTIONS
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MCQOPTIONS
| 1. |
Section 14 of Banking Regulation Act, 1949 |
| A. | prohibits a banking company from creating a charge upon any unpaid capital of the company |
| B. | contains a system of licensing of banks by the RBI |
| C. | provides that the subscribed capital of a banking company should not be less than one-half of its authorised capital |
| D. | All of the above |
| E. | None of these |
| Answer» B. contains a system of licensing of banks by the RBI | |