Which of the following is the full form of the 'BRA' as used in banking field?

Brazilian and Russian Association

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Banking Restructuring Act

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Banking Resources for Agriculture

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Banking Regulation Act

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Solution

The correct option is D Banking Regulation Act
BRA stands for Banking Regulation Act. It was introduced in 1949. It was established to ensure proper regulation of banking firms in India.

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Which of the following securities comes under the provisions of the Banking Regulation Act, 1949?

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