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

    Question

    What is the primary objective of the Self-Regulatory

    Organisation (SRO) framework introduced by RBI for Account Aggregators?
    A To regulate non-banking financial companies (NBFCs) Correct Answer Incorrect Answer
    B To enhance coordination, dispute resolution, and standardization in the AA ecosystem Correct Answer Incorrect Answer
    C To monitor financial transactions above a certain threshold Correct Answer Incorrect Answer
    D To replace existing financial regulators like SEBI and IRDAI Correct Answer Incorrect Answer
    E To impose stricter rules on digital lending platforms Correct Answer Incorrect Answer

    Solution

    The SRO framework for Account Aggregators aims to improve coordination, dispute resolution, and standardization within the AA ecosystem.

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