BR Act was passed in 1949

Q.  In which year was the Banking Regulation Act passed?
- Published on 20 Jul 15

a. 1949
b. 1955
c. 1959
d. 1969

ANSWER: 1949
 
The failure of 588 banks in various states during 1913-1917 emphasized the need for the regulation and coordination of commercial banks and thus Banking Regulation Act was passed in 1949.

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