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      Question

      Who bears the overall responsibility for the

      implementation of ALM systems in an NBFC?
      A The CEO Correct Answer Incorrect Answer
      B The Asset Liability Management Committee (ALCO) Correct Answer Incorrect Answer
      C The Board of Directors Correct Answer Incorrect Answer
      D The Reserve Bank of India Correct Answer Incorrect Answer
      E The Head of Risk Management Correct Answer Incorrect Answer

      Solution

      The Board of Directors shall have the overall responsibility for the implementation of ALM systems.ย 

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