One of the major challenges banking industry is facing these days is curbing deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following act is passed to prevent this activity?

Related MCQs

• Money lent for more than one day but less than 15 days in the money market is known as .
• In the financial sector there are many companies who are providing banking like activities though they are not recognized as banks. How is this particular type of activity known as?
• Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of :
• If one is not satisfied with the decision passed by the Banking Ombudsman, one can approach the appellate authority to .
• Indian Banking Regulation Act was passed in the year?
• When it comes to electronic banking which among the following are not coming under the purview of electronic banking?
• Which of the following banking does not come under Social Banking?
• The Co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of
• has been declared the first ‗total banking state‘ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households.
• Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the .