Question 1
Under Entry 45 of the Union List in the Seventh Schedule to the Constitution of India, which body has the exclusive power to legislate on 'Banking'?
Correct Answer:
Central Government (Parliament)
Question 2
Which Section of the Banking Regulation Act, 1949 defines the term 'banking'?
Correct Answer:
Section 5(b)
Question 3
Under the Regional Rural Banks Act, 1976, what is the ratio of share capital contribution among the Central Government, Sponsor Bank, and State Government?
Correct Answer:
50:35:15
Question 4
Under the Indian Contract Act, 1872, a contract of indemnity is defined under which Section?
Correct Answer:
Section 124
Question 5
Which section of the Negotiable Instruments Act, 1881, deals with the dishonour of a cheque for insufficiency of funds?
Correct Answer:
Section 138
Question 1
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Prepare with the IBPS RRB Law Officer Practice Questions - IBPS RRB Law Officer Scale II Specialist Officer Exam practice quiz. This question bank includes 100 questions covering section, banking, company, india, and indian. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IBPS RRB Law Officer Practice Questions - IBPS RRB Law Officer Scale II Specialist Officer Exam

This practice set contains 100 questions from the matching question bank and focuses on section, banking, company, india, and indian. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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