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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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