BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Public Credit Registry will have data loans granted by which of the following institutions?

A	NBFC
B	MFI
C	Loans form Domestic Market
D	All of the above

Explanation:

Detailed explanation-1: -Detailed Solution. The Reserve Bank of India has constituted a 10-member High-Level Task Force on Public Credit Registry (PCR) to suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. Public Credit Registry (PCR) committee is headed by YM Deosthalee.

Detailed explanation-2: -Role Of Rbi In Controlling Credit In India The Reserve Bank of India (RBI) uses credit control to implement monetary policy and keep inflation under control. The RBI’s role in credit control makes it one of the most important bodies for the development of the Indian economy.

Detailed explanation-3: -NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934. It shall be the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.

Detailed explanation-4: -The Reserve Bank of India Act, 1934 requires the Central Government to entrust the Reserve Bank with all its money, remittance, exchange and banking transactions in India and the management of its public debt.

There is 1 question to complete.