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      Question

      The Reserve Bank of India (RBI) has revised investment

      norms for commercial banks, introducing a new category called FVTPL. What does the letter 'F' stand for in FVTPL?
      A Financial Correct Answer Incorrect Answer
      B Fair Correct Answer Incorrect Answer
      C Fundamental Correct Answer Incorrect Answer
      D Flexible Correct Answer Incorrect Answer
      E Fiscal Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) has revised investment norms for commercial banks, making it more stringent as it created a new category namely – fair value through profit and loss (FVTPL).

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