New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the main objective of Prompt Corrective Action

    (PCA) framework by RBI?
    A Promote digital banking Correct Answer Incorrect Answer
    B Maintain CRR and SLR Correct Answer Incorrect Answer
    C Regulate co-operative banks Correct Answer Incorrect Answer
    D Improve financial soundness of banks Correct Answer Incorrect Answer
    E Protect depositor insurance Correct Answer Incorrect Answer

    Solution

    PCA framework imposes corrective actions to prevent further deterioration of weak banks.

    Practice Next

    Relevant for Exams: