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Which of the following Statements about Board for Financial Supervision (BFS) is/are True?
I. It was constituted in 1994.
II. The BFS has been constituted as an autonomous body under the RBI.
III. BFS looks after only Commercial Banks.
  • a)
    Only I
  • b)
    Only II
  • c)
    Both I & II
  • d)
    Both II & III
  • e)
    All of the above
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following Statements about Board for Financial Supervisi...
  • The Board for Financial Supervision (BFS) was constituted in November 1994 to supervise the money market institutions in the country. The BFS has been constituted as an autonomous body under the RBI.
  • The BFS was initially given the mandate for supervision of commercial banks, Financial Institutions and NBFCs. Later, urban cooperative banks and primary dealers were also brought under the purview of the BFS. Since its formation, the BFS which meets every month, conducting on-site supervision of banks and off-site monitoring, based on quarterly reporting system.
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Which of the following Statements about Board for Financial Supervisi...
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Which of the following Statements about Board for Financial Supervision (BFS) is/are True?I. It was constituted in 1994.II. The BFS has been constituted as an autonomous body under the RBI.III. BFS looks after only Commercial Banks.a)Only Ib)Only IIc)Both I & IId)Both II & IIIe)All of the aboveCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following Statements about Board for Financial Supervision (BFS) is/are True?I. It was constituted in 1994.II. The BFS has been constituted as an autonomous body under the RBI.III. BFS looks after only Commercial Banks.a)Only Ib)Only IIc)Both I & IId)Both II & IIIe)All of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following Statements about Board for Financial Supervision (BFS) is/are True?I. It was constituted in 1994.II. The BFS has been constituted as an autonomous body under the RBI.III. BFS looks after only Commercial Banks.a)Only Ib)Only IIc)Both I & IId)Both II & IIIe)All of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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