Restrictions on Loans (Sec 20)

IE-IFS Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949 Free JAIIB Capsule 24 views Updated
Capsule FREE
IE-IFS · Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949
According to Section 20 of the BR Act, on what two specific grounds is a bank restricted from making loans?
Tap to flip and reveal the answer

Premium Content

This answer is available to premium members

Unlock Premium
24 views

According to Section 20 of the BR Act, on what two specific grounds is a bank restricted from making loans?

The full answer is part of ClearShorts Premium

This capsule covers Indian Economy & Indian Financial System, Banking Laws – Reserve Bank of India Act 1934 & Banking Regulation Act 1949. Members get the complete explanation plus every other premium capsule, mock test and PDF.

See membership plans

Comments (0)

Login to post a comment.

No comments yet. Start the discussion!

Related JAIIB IE-IFS Capsules

Capsule FREE
How does the World Bank classify the Indian economy?
Lower-middle income economy based on per capita income.
Capsule FREE
What is India's global GDP ranking in terms of Purchasing Power Parity (PPP)?
India is the 3rd largest economy in the world in terms of PPP.
Capsule FREE
Who coined the term 'Hindu Rate of Growth' and what does it mean?
Prof. Raj Krishna coined it to describe the slow 3.5% annual growth rate.
Capsule FREE
What were 'Home Charges' during the British control of India?
Colonial government's official transfers of monies to the United Kingdom.
Capsule FREE
Which sector suffered the most severe contraction during the COVID-19 pandemic?
Contact-intensive services, trade, hotels, and transport sectors.
Capsule FREE
Who published the first estimates of national income in India?
Dadabhai Naoroji in his book 'Poverty and Un-British Rule in India'.
App Icon
Install ClearShorts App
Study offline, anytime