Question
The Risk based supervision (RBS) for banks was
introduced in 2012 by RBI. Which of the following is correct regarding RBS?Solution
The RBS was introduced in 2012 on the recommendation of the KC Chakrabarty Committee. It is based on a supervisory analysis of probability of failure of a bank and the likely Impact of its failure on the banking/financial system. RBS system’s objective is to ensure financial stability and customer protection, along with protection of depositors’ interests and ensuring the financial health of individual banks/FI. It involves continuous data analysis, risk control and capital compliance assessment, assessment of probability of failure and impact assessment, supervisory stance and action plan in form of prompt corrective action. Unlike CAMELS approach, which is an evaluation technique for a point in time analysis, RBS is a continuous monitoring mechanism and RBI has shifted monitoring of banks to the RBS system.
Which of the following cases is also known as “Habeas Corpus Case”?
The burden of proof that the case of accused comes within exception is on theÂ
As per the Code on wages, 2019 no employer shall pay to any employee wages _______________
A suit for possession of an immovable property, under section 6 of Specific Relief Act can be filed within__________ of dispossession
Who is the designated authority for the regulation and supervision of payment systems under the Payment and Settlement Systems Act?
What is required of every recognized stock exchange in terms of reporting to the Central Government as laid down under the SCRA?
Consent is said to be free when it is not caused by________________
Which Section of CrPC authorizes the public prosecutor to withdraw the prosecution?
“Right to constitutional remedies” is provided under which Part of the Constitution of India?
 In which year was the Copyright Act enacted in India?
