Question
The Reserve Bank of India (RBI) has charged the
Non-Banking Finance Company (NBFC) L&T Finance with _________ for failing to notify the change in the penal interest rate to its borrowers whenever it charged higher rates than what was communicated at the time of sanction.Solution
The Reserve Bank of India (RBI) has charged the Non-Banking Finance Company (NBFC) L&T Finance with Rs 2.50 crore for failing to adhere to certain regulatory provisions regarding interest rates. The NBFC had not disclosed to its retail borrowers the gradation of risk and rationale for charging different interest rates to different categories of borrowers in the loan application form or sanction letter. It also failed to notify the change in the penal interest rate to its borrowers whenever it charged higher rates than what was communicated at the time of sanction. Additionally, it failed to give notice of change in the terms and conditions of loans to its borrowers when the NBFC charged an annualised rate of interest, which was higher than what was communicated at the time of sanction.
Which of the following is a characteristic of summative assessment?
An end-of-year evaluation that determines promotion to the next grade is an example of:
How can a teacher develop creativity in himself and the learners?
Majority of the students in a class misbehave, what does it tell you?
Equalisation of educational opportunity is provided in ____________ of Indian Constitution.
Computer Assisted Instruction is based on ________ principle
If you want to improve the ability to observe in children, which of the following would you recommend?
Which of the following is an advantage of formative assessment?
 _______ is the apex institution involved in the planned and coordinated development of the teacher education system in the country.
Which of the following is Doordarshan's Educational Television Channel?
