Discussion Forum : Nabard & Other Bank Examinations
Question -
When did the Banking Regulation Act, 1949 become applicable to the state of Jammu & Kashmir?
Answer: Option C
INITIALLY, THIS ACT WAS PASSED AS BANKING COMPANIES ACT, 1949 AND IT WAS APPLICABLE TO WHOLE OF INDIA EXCEPT JAMMU & KASHMIR. IT BECAME APPLICABLE TO JAMMU AND KASHMIR FROM 1956.
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INITIALLY, THIS ACT WAS PASSED AS BANKING COMPANIES ACT, 1949 AND IT WAS APPLICABLE TO WHOLE OF INDIA EXCEPT JAMMU & KASHMIR. IT BECAME APPLICABLE TO JAMMU AND KASHMIR FROM 1956.
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