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The Reserve Bank regulates financial markets within the overarching statutory framework of which of the following acts?
Question

The Reserve Bank regulates financial markets within the overarching statutory framework of which of the following acts?

A.

The Banking Regulation Act, 1949

B.

The Reserve Bank of India Act, 1934

C.

The Securities Contract (Regulation) Act, 1956

D.

The Foreign Exchange Management Act, 1999

Correct option is B

The Reserve Bank of India Act, 1934 provides the statutory framework for regulating financial markets in India.

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