Question
Based on which committee's recommendations did RBI
introduce a comprehensive regulatory framework for NBFC-MFIs?Solution
The Reserve Bank of India (RBI) constituted a Sub-Committee of the Central Board, chaired by Y.H. Malegam, to study issues and concerns in the Microfinance Institution (MFI) sector. The committee submitted its report in January 2011, and based on its recommendations, RBI introduced a comprehensive regulatory framework for Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) in 2012.
Which regulator in India regulates and provide guidelines on issuance of commercial papers?
In the context of cost accounting, overheads refer to indirect costs that are allocated to cost units or cost centres. The process of absorbing overhead...
As a tool to enhance liquidity, RBI introduced the on tap TLTRO scheme with a size of Rs 1 lakh crores. TLTRO stands for _____
Regarding the National Career Service Project, consider the following statements:
1.   It is a government-run recruitment agency.
_______ measures banking sector’s ability to absorb shock arising from financial and economic stress.
Which account in the BOP includes transactions related to currently produced goods and services?
Which of the following is NOT a correctly matched strategy to mitigate the given risk?
An investment fund that is traded on an exchange is known as
According to the Union Budget 2023-24, consider the following statements.
1. During the Covid-19 pandemic with the PMGKY scheme, the governmen...
Consider the following statements regarding the National Payments Corporation of India (NPCI):
1. It is an initiative of the Reserve Bank of Indi...
