Multiple choice

There is a pre-condition that the public sector bank should have Capital Adequacy Ratio of………………………for getting managerial autonomy (Recruitment, Posting, Transfer, Training, and Promotion) from Ministry of Finance.

  1. 10% or more

  2. 9% or more

  3. 8% or more

  4. 6% or more
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To qualify for managerial autonomy, the Ministry of Finance required public sector banks to maintain a Capital Adequacy Ratio (CAR) of 9% or more.

Keep practicing — related questions