New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the objective of the Reserve Bank of India's

    (RBI) revision of eligibility norms for urban co-operative banks (UCBs)?
    A Increase Interest Rates Correct Answer Incorrect Answer
    B Inclusion in the Second Schedule of RBI Act, 1934 Correct Answer Incorrect Answer
    C Merger with Commercial Banks Correct Answer Incorrect Answer
    D Expansion of Digital Banking Services Correct Answer Incorrect Answer
    E Capital Infusion in Public Sector Banks Correct Answer Incorrect Answer

    Solution

    Explanation:

    The RBI revised eligibility norms to include urban co-operative banks in the second schedule of the RBI Act, 1934, aiming to bring them within an updated regulatory framework.

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