Question
Which committee suggested to create an independent
payments regulator within the framework of the Reserve Bank of India (RBI) or make the RBI’s Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) more independent?Solution
The Payment and Settlement Systems Act, 2007 should be replaced by an updated law, according to the report of the Watal Committee, set up by the government to overhaul the digital payments infrastructure. The Committee headed by former finance secretary Ratan Watal also recommends a number of regulatory changes along with those to the primary legislation.
Which of the following is true with respect to the Risk based supervision (RBS) for banks done by RBI?
Which category do Bad debt fall under?
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India. This approval will f...
Which category of operational risk events encompasses losses from KYC and guideline breaches?
Which of the following is not correct about budgeting?
Under the National SC-ST Hub Scheme, what is the reimbursement rate for membership in government-promoted e-commerce portals?
What does ‘C’ in LCR stand for?
Consider the following statements about the budget estimates of fiscal year 2023-24.
1. The share of subsidies is more than the share of defen...
In the context of Cash Credit (CC) facilities, what does the term 'Drawing Power' refer to?
Compute the Total Assets to Debt Ratio from the following information:
Share Capital: ₹12,00,000
Reserves and Surplus: ₹8,00,000
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