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      Question

      The Reserve Bank of India’s Regulatory Review Cell

      (RRC) will review regulations of banks and regulated entities once every:
      A 2–3 years Correct Answer Incorrect Answer
      B 5–7 years Correct Answer Incorrect Answer
      C 10 years Correct Answer Incorrect Answer
      D Annually Correct Answer Incorrect Answer
      E Once in a decade Correct Answer Incorrect Answer

      Solution

      The RBI has established the RRC to periodically review banking and financial regulations to ensure they remain relevant. According to the information, this review cycle is set at every 5 to 7 years. This balances regulatory stability with timely updates in response to changing financial markets, technology, and global practices.

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