Multiple Choice Questions on Advances against their own shares are not allowed by banks because these are prohibited under ........ for IBPS (PO/SO) Preparation

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Multiple Choice Questions

Advances against their own shares are not allowed by banks because these are prohibited under ........

Professional Legal Knowledge Banking Regulation Act
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    Advances against their own shares are not allowed by banks because these are prohibited under: 

    RBI Act 1934

    Incorrect Answer

    Negotiable Instrument Act

    Incorrect Answer

    Banking Regulation Act, 1949

    Correct Answer

    SEBI Act

    Incorrect Answer

    3 and 4

    Incorrect Answer
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    Explanation:

    Advances against their own shares are not allowed by banks because these are prohibited under Banking Regulation Act, 1949.

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