Government Savings Banks Act 1873 MCQs

11. What happens to nomination after transferring a deposit?

(A) Remains valid
(B) It is cancelled
(C) It is updated
(D) Shared across accounts

12. Who maintains the Schedule of Government Savings Schemes?

(A) RBI
(B) Economic Affairs Dept.
(C) Central Government
(D) State Governments

13. Under this Act, who defines “Banking Company”?

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