RBI appointed a Committee to Review Governance of Boards of Banks in India chaired by P.J. Nayak wouldbegin{enumerate}item review the regulatory compliance require-ments of banks boards in India.item judge what can be rationalised and where requirements need to be enhanced.item examine the working of banks boards.item analyse the representation on banks boards.end{enumerate} Select the answer from the codes given below: Codes:

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

RBI appointed a Committee to Review Governance of Boards of Banks in India chaired by P.J. Nayak would

A	1, 2 and 3
B	2, 3 and 4
C	1, 3 and 4
D	All of the above

Explanation:

Detailed explanation-1: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India. The Committee was set up in January 2014.

Detailed explanation-2: -The RBI Governors are appointed by the government of India for a fixed time period.

Detailed explanation-3: -The Committee to Review Governance of Boards of Banks in India was constituted by the RBI Governor on 20th January, 2014.

Detailed explanation-4: -This method was originally suggested by the P.J. Nayak Committee for the Small Scale Industries in India in need of working capital from banks. According to this method, the working capital requirement of the MSME unit is calculated at 25% of annual projected turnover.

There is 1 question to complete.