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    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.

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