Question

PCA refers to ?

A Proper Correct Action Correct Answer Incorrect Answer
B Prompt Correct Action Correct Answer Incorrect Answer
C Prompt Corrective Action Correct Answer Incorrect Answer
D Performance Calculative Action Correct Answer Incorrect Answer
E Performing Correct Action Correct Answer Incorrect Answer

Solution

Prompt Corrective Action is a system of RBI in which it can initiate a corrective action in case of a bank which is found to be having 'low capital adequacy' or high 'non-performing assets'.

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