Fintech firm Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator. The account aggregator license will allow them to participate in the transformational changes that are taking place in the financial sector. Small and medium-sized businesses will get better credit facilities whilst banks and other financial institutions will get an opportunity to widen their lending portfolio. RBI Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business. Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used to access a vast array of financial services for your personal or business needs.
Austerity
Select the most appropriate synonym of the given word.
ESTIMATE
'I haven't studied a lot lately'. Here, 'lately' is a/an
A) demure B) criticize C) shy D) vandalize
...Choose the word nearest in meaning to the given word:
MELANCHOLIC
A devil's advocate would be:
Select the most appropriate synonym of the given word.
MOTIVE
Someone who is a passionate advocate, promoter, or pioneer of a particular cause or belief
Select the most appropriate synonym of the given word.
Caustic
Identify the synonym for the bold word in the given sentence.
Whether there is a risk or not is open to conjecture .