The Banking Regulation Act, 1949, provides RBI with extensive powers to regulate, supervise, and direct banking companies in India, including matters related to governance, operations, and financial health.
Under the provisions of the Banking Regulation Act, 1949 RBI can 1. Issue directions to banks for resolution of stressed assets 2. Examine on oath any director or other officer of the bank 3. Prohibit banks against entering into any particular transaction Which of the above statements is/are correct?
Asked in GPSC Prelims CSP 2 2023 · Topic: Money & Banking (Banking Sector Reforms: Basel Norms, Asset Quality Review (AQR), and NPA Management)
More Economic Development questions
- What was the Narasimhan Committee 1991 related to ?
- Consider the following statements regarding the Non-Performing Asset : It is a loan or an advance where interest and/or instalment of principal remain overdue for a period of more than 90 days in respect of a Term Loan. the instalment of principal or interest thereon remains overdue for two crop seasons for short duration crops. the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted. Which of the above statements is/are correct ?
- Which of the following is not associated with financial sector reforms in India initiated after 1991 ?
- Match the following and select the correct answer (a) Nayak Committee 1. Unorganised sector (b) Tarapore Commit‐ 2. Centre-state relatee tions (c) Rajamannar Com‐ 3. Availability of Credit mittee to SSI (d) Arjun Sen Gupta 4. Capital account Con‐ Committee vertibility
- Who among the following was the Chairman of the Committee on Financial Sector Assessment (CFSA) set up by the Government of India and the Reserve Bank of India in 2006 to undertake a complete health checkup of the country's financial sector ?
- In July, 2011 Eurozone's 17 member countries agreed to give Greece a massive financial bailout worth more than 150 billion dollars to try to rescue Greece's shaken economy. In this respect, which of the following statements is/are correct ? 1. This is for the first time Greece has been given financial bailout by other European countries. 2. Private lenders including banks are also pledging support which will give Greece easier repayment terms. Select the correct answer using the code given below :
- Match List I with List II and select the correct answer using the code given below the Lists : List I List II (Committee) (Subject)
- Which of the following sectors contribute in recent years to the deterioration of asset quality of commercial banks by way of Non-Performing Assets? 1. Agriculture and allied sector 2. Industrial sector 3. Infrastructure sector 4. Information technology sector Select the correct answer using the code given below: