The Union Cabinet of India recently approved amendments to bring which category of banks under the regulation of Reserve Bank of India?

Daily Current Affairs

Nidhi companies

Multi-state cooperative banks

Land Development Banks

Primary agricultural societies

Correct Answer : Multi-state cooperative banks

The Union Cabinet of India recently approved amendments to the Banking Regulation Act, which will bring multi-state cooperative banks under the regulation of the Reserve Bank of India.

This amendment in regulation is expected to prevent malpractices in the co-operative banks and ensure better regulation. The administrative role of the banks will be managed by the cooperative registrars. This decision is taken at the backdrop of the collapse of Punjab and Maharashtra Co-operative (PMC) Bank last year. The banks would also be audited according to the norms stipulated by RBI.

Published On : July 16, 2021

Recently Updated Current Affairs

Q .

Where was India's largest Climate Clock unveiled for the Earth Day celebration?

Mumbai

New Delhi

Kolkata

Bangalore

Correct Answer : Option (B) - New Delhi

India's largest Climate Clock was unveiled at the Council of Scientific & Industrial Research (CSIR) headquarters in New Delhi for the Earth Day celebration.

CSIR, established in 1942, is dedicated to scientific research and industrial development across various domains, emphasizing its commitment to raising awareness about climate change and its impacts through initiatives like the Climate Clock unveiling.

Published On : April 24, 2024

Q .

When is the World Book and Copyright Day observed every year?

24th April

23rd April

22nd April

21st April

Correct Answer : Option (B) - 23rd April

On April 23, people all over the world celebrate World Book and Copyright Day, also known as International Day of the Book and World Book Day, to spread the joy of reading. This global event celebrates the profound influence that books have on people and societies.

Celebrations are held all over the world on this day to highlight the importance of books and their capacity to inspire, educate, and unite people of all backgrounds. World Book and Copyright Day celebrates literature in all its forms and encourages reading enjoyment. It's also a day to read and think about the future and the past.

The theme during the current year's World Book and Copyright Day is 'Read Your Way'. The significance of cultivating a passion for reading is emphasised in this theme. The theme inspires people from all walks of life, young and old, to adopt the habit of book reading, and promotes it as an indispensable passion of a person.

Published On : April 23, 2024

Q .

Volcano Mount Erebus was in news recently, in which continent is it located?

Antarctica

Asia

Europe

North America

Correct Answer : Option (A) - Antarctica

Antarctica's most famous active volcano, Mount Erebus, has recently come into the news because of the release of 'gold dust' worth $6000 every day.

Mount Erebus is the second highest and most active volcano in Antarctica and is located on Ross Island in Antarctica.

Published On : April 23, 2024

World Book And Copyright Day 2024 Theme :