Multiple Choice Questions on Banks are required to maintain SLR under which act ........ for IBPS (PO/SO) Preparation

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Multiple Choice Questions

Banks are required to maintain SLR under which act ........

Professional Legal Knowledge Banking Regulation Act
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    Banks are required to maintain SLR under which act?

     

    Section 24 of the Banking Regulation Act
     

    Correct Answer

     Section 35 of the Negotiable Instrument Act, 1881
     

    Incorrect Answer

    Section 24 of RBI Act
     

    Incorrect Answer

    Section 40 of Indian Contract Act, 1872

    Incorrect Answer
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    Explanation:

    Banks are required to maintain SLR under section 24 of the banking regulation act.

    By: SHIKHA PURI
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