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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