Question
Which authority is responsible for framing guidelines
and supervising the operations of Microfinance Institutions (MFIs) and NBFC-MFIs in India?Solution
In India, Microfinance Institutions (MFIs) play a crucial role in extending small-ticket loans to low-income households and entrepreneurs who generally lack access to traditional banking services. • The Reserve Bank of India (RBI) is the primary regulator of MFIs and NBFC-MFIs. • RBI issues prudential norms, lending guidelines, and fair practices codes to ensure that MFIs operate transparently and that borrowers are protected from over-indebtedness. • Institutions such as NABARD and SIDBI play a supportive role in refinancing and promoting microfinance but do not regulate them.  Correct Answer: Reserve Bank of India (RBI)
Under which ministry does the India Meteorological Department (IMD) operate?
The 2019 IAAF World Athletics Championships was the 17th edition of the biennial, global athletics competition organized by the International Associatio...
Which of the following geographical indications (GI) is correctly matched with its region?
(I) Ramban Sulai Honey: Jammu & Kashmir
(II) Ch...
Which of the following statements is correct?
A. Money market consist of funds of maturity ranging from seven days to one year
B. Money ma...
Which of the following hydropower projects is NOT correctly matched with its respective river?
The 2017 BRICS Youth Forum opened in ___________
When is Lachit Divas (honoring the army victory at battle of Saraighat) observed in India?
Chandigarh has the famous lake __________?
India’s first nuclear missile tracking ship INS Dhruv is being built by which organization?
What is the approximate share of renewable energy in India’s total installed electricity production capacity
Relevant for Exams:
