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    Question

    What is CAFRAL?

    A 1) A government of India initiative for financial literacy Correct Answer Incorrect Answer
    B 2) An act passed by parliament for speedy recovery of default loans Correct Answer Incorrect Answer
    C 3) A training and development centre of RBI Correct Answer Incorrect Answer
    D 4) Financial inclusion initiative of RBI Correct Answer Incorrect Answer
    E 5) None of these Correct Answer Incorrect Answer

    Solution

    The Centre for Advanced Financial Research and Learning (CAFRAL) is an independent body set up by the Reserve Bank of India (RBI) in the backdrop of India’s evolving role in the global economy, in the financial services sector and its position in various international fora, and to develop into a world class global institution for research and learning in banking and finance.

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