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    Question

    The Reserve Bank of India (RBI) has set up a Regulatory

    Review Cell (RRC) to review rules periodically. After how many years will the regulations be reviewed? 
    A 3–4 years Correct Answer Incorrect Answer
    B 4–6 years Correct Answer Incorrect Answer
    C 5–7 years Correct Answer Incorrect Answer
    D 7–10 years Correct Answer Incorrect Answer
    E Every year Correct Answer Incorrect Answer

    Solution

    The RBI established a Regulatory Review Cell (RRC) to review banking and financial regulations every 5–7 years. It will be supported by an independent Advisory Group on Regulation (AGR), chaired by Rana Ashutosh Kumar Singh (SBI MD). The aim is to keep regulations updated and relevant 

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