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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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