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).

Practice Next
×
×