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Consider the following statements regarding Prompt Corrective Action (PCA) of Reserve Bank of India. 1. It aims to monitor the operation of weaker banks more closely to encourage them to conserve capital and avoid risks. 2. It imposes certain restrictions on dividend distribution and expansion of branches by banks that are financially weak. Which of the above statements is/are incorrect?
This question appeared in the JKPSC Prelims 2022 examination (GS-I). It is Question 70 out of 100 questions in this paper.
This question was part of the JKPSC Prelims 2022 (GS-I). The JKPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all JKPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.