General Studies · RBI Guidelines

Which of the following statements accurately describes the secondary or supporting objectives related to financial statement disclosures as per RBI instructions, where enhancing market discipline is the primary aim? A. To ensure compliance with international accounting standards only. B. To provide a framework that enhances market discipline and enables participants to assess the financial position and performance of banks. C. To simplify the presentation of financial statements without requiring detailed disclosures. D. To help banks enforce regulatory transparency and ensure adherence to norms through disclosure requirements.