Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.235)

235. 

What does 'P' stand for in the PCA Framework, related to the Reserve Bank of India?

[A]. Private
[B]. Public
[C]. Priority
[D]. Prompt

Answer: Option D

Explanation:

Prompt Corrective Action (PCA) refers to the watch list of weak banks, by the Reserve Bank of India. The regulator imposes restrictions like curbs on lending among others, on such banks.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.