CURRENT AFFAIRS

2021

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

The RBI has constituted a committee to assist the RRA 2.0 to streamline regulations and reduce the compliance burden of regulated entities. Who will head the committee?

A	Viral Achrya
B	S Janakiraman
C	T Rabi Shankar
D	Mahesh Kumar

Explanation:

Detailed explanation-1: -Rajeshwar Rao was appointed as the Regulations Review Authority. The RRA 2.0 was set up for a period of one year starting from May 01, 2021.

Detailed explanation-2: -Rajeshwar Rao was appointed as the Regulations Review Authority. The RRA 2.0 was set up for a period of one year starting from May 01, 2021.

Detailed explanation-3: -Further, on the suggestions of an internal group (Chairman: Dr. O.P. Mall, Executive Director) the RRA has recommended elimination of paper-based returns and has identified 65 regulatory returns which would either be discontinued/ merged with other returns or would be converted into online returns.

Detailed explanation-4: -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.

There is 1 question to complete.