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Indian Financial System Regulators & Banking Reforms Part 2
Which body was established under the RBI Act, 1934 to regulate monetary policy in India?
The Reserve Bank of India (RBI) was established under the RBI Act, 1934 and serves as the apex monetary authority responsible for formulating and implementing monetary policy in India.
Which committee recommended the establishment of a separate Board for Financial Supervision under RBI?
Narasimham Committee 1991 recommended Financial Supervision Board setup.
What is the primary mandate of the Securities and Exchange Board of India (SEBI)?
SEBI's primary mandate is to protect the interests of investors in securities, promote the development of the securities market, and regulate it through the SEBI Act, 1992.
What is the full form of FSLRC and what was its mandate?
Financial Sector Legislative Reforms Commission to overhaul financial laws.
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