Economics · Banking and Finance
Consider the following statements regarding RBI's framework on formulation of regulations: 1. Draft regulations must include a statement of particulars and be open for public feedback for at least 21 days. 2. The RBI is required to conduct a regulatory impact analysis before finalizing any regulation. 3. The framework is applicable to all internal administrative regulations and confidential directives. 4. RBI may reissue drafts if substantial changes are made post public consultation. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3, and 4
- 22 and 4 only
- 31 and 3 only
- 41, 2, and 4 only✓
Correct answer
1, 2, and 4 only
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