Current Affairs · RBI Banking Governance and Committees
Which of the following statements correctly describe the composition, tenure, and operational framework of the Standing External Advisory Committee (SEAC) for evaluating bank applications? 1. The SEAC is established for a specific tenure of three years to evaluate applications for both Universal Banks and Small Finance Banks. 2. The committee is chaired by Shri M. K. Jain, a former Deputy Governor of the Reserve Bank of India. 3. The initial prima facie eligibility screening of all bank applications is conducted directly by the SEAC. 4. Secretarial support for the committee is provided by the Financial Inclusion and Development Department of the RBI. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13 and 4 only
- 21 and 3 only
- 32 and 4 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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