Question
EconomyBanking, Credit and Financial InclusionBanking Regulation and Prudential NormsMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Tags:
- Banking Regulation and Prudential Norms · Banking, Credit and Financial Inclusion
Classification and difficulty are editorial labels. Explanations are awaiting review.
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Consider the following statements: 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?
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Question 16 · Banking Regulation and Prudential Norms · Economy · UPSC Prelims 2018 (GS)