Banking Regulation and Monetary Policy

The Central Government has issued the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 and prescribed the forms to be used for the purpose of filing information for registration in respect of transactions of securitization, asset reconstruction of financial assets and security interest over property. Thus, it doesn't deal with sale of financial assets.

Correct option is (4).

In August 2014, the RBI mandated that banks must provide at least 5 free transactions per month at their own ATMs. This was part of consumer protection regulations to ensure basic banking access. The limit of 5 free transactions was the standard policy adopted.

Yes, 74% of FDI is allowed in private sector banks. 

Government gives funds to maintain the capital adequacy ratio. So, this is the correct choice. 

Land Development Banks in India are owned and controlled by State Governments. These banks provide long-term credit for agricultural activities like land development, farm mechanization, and minor irrigation. They are regulated by the Reserve Bank of India but owned by state governments.

WMA is a mechanism used by Reserve Bank of India.

The foreign exchange reserves of India include Foreign Exchange Assets of the Reserve Bank of India, Gold Stock of RBI, Special Drawing Rights (SDR) holding of the Government and Reserve Tranche Position (The difference between a member's quota and the IMF's holdings of its currency is a country's Reserve Tranche Position.) 

The Narasimham Committee (1991 and 1998) made comprehensive recommendations for banking sector reforms in India. These included reducing CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio), deregulating interest rates, and introducing prudential norms for asset classification and income recognition. All these reforms were aimed at modernizing Indian banking.

Correct option is (3).

Rotation scheme of auditors is applicable to private companies having paid up capital of Rs. 20 crore or more as per Section 139 of Companies Act, 2013.

The Reserve Bank of India (RBI) is India's central bank, responsible for regulating the monetary policy, issuing currency, and supervising the financial system. It was established in 1935 and nationalized in 1949. A central bank is not a commercial or private bank that deals with the general public - it primarily serves as the banker to the government and regulates other banks in the country.

Correct Answer: Sudarshan Sen

Yes, this is the correct choice. If any bank branch serves more than 10 lakhs of population, then it is called as metropolitan branch. 

Yes, Nachiket Mor Committee has recommended financial inclusion.