The Banking Regulations Act, 1949 was enacted to

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1. An increase in bank rate, other things being equal, will result into ____?
(a) A decline in the cost of credit including greater and the demand for borrowing
(b) An increase in the cost of credit discouraging demand for credit
(c) No change in the cost of credit and the demand for borrowing
(d) Cost of credit has no relationship with demand for borrowing
(e) None of the above

Ans :b

2. Intangible assets are _____?
(a) Gold
(b) Patents, copyright, goodwill
(c) Home
(d) All of the above
(e) None of the above

Ans :b

3. The Banking Regulations Act, 1949 was enacted to _____?
(a) Nationalise the banks
(b) Open regional rural banks
(c) Consolidate and amend the laws relating to banking companies
(d) Inviting foreign banks
(e) None of the above

Ans :c

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