ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NSSO
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CBI
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Finance Minister
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RBI
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Detailed explanation-1: -In India, the Securities and Exchange Board of India (SEBI) primarily regulates credit rating agencies and their functioning.
Detailed explanation-2: -As part of the financial sector liberalisation, all credit related matters of banks including charging of interest have been deregulated by RBI and are governed by the banks’ own lending policies.
Detailed explanation-3: -The Reserve Bank’s affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.
Detailed explanation-4: -The different instruments of credit control used by the Reserve Bank of India are Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR), the Bank Rate Policy, Selective Credit Control (SCC), Open Market Operations (OMOs).