When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.

Related MCQs

• When a financial institution sells a mortgage with recourse, the financial institution retains a credit risk liability in the event the buyer returns the mortgage.
• Which section of Banking Regulation Act 1949 relates with the Power of Reserve Bank to issue directions in respect of stressed assets?
• Bankers undertake the duty of collection of cheques and bills because......
• As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?
• In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56.
• Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?
• Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques?
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act popularly known as SARFAESI Act was enacted in which of the following year:
• In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company.
• In case of banking company incorporated outside India, aggregate value of its paid-up capital and reserve shall not be less than Rs. __________.