RBI Functions – Regulation of Banks

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26. The RBI’s regulations and guidelines on asset classification and provisioning are aimed at maintaining the quality of banks’ loan portfolios. True or False?

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27. Which of the following is a role of the RBI in relation to the insurance sector?

a) Granting licenses to insurance companies

b) Regulating and supervising insurance companies

c) Developing policies and regulations for the insurance sector

d) All of the above

e) None of the above

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28. The RBI has the authority to issue regulations and guidelines for the prevention of money laundering and terrorist financing in the banking system. True or False?

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29. What is the role of the Financial Stability Unit (FSU) within the RBI?

a) Evaluating and monitoring systemic risks in the financial system

b) Conducting stress tests on banks

c) Preparing reports on the stability of the financial system

d) All of the above

e) None of the above

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30. The RBI promotes financial literacy and consumer protection in the banking sector through various initiatives and programs. True or False?

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