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WBCS Preliminary Examination 2019 — General Studies · Question 143 of 200

Q143
Indian EconomyMoney, Banking & Financial Institutions
PCA stands for
  1. a.Public Current Account
  2. b.Principles of Corporate Accounting
  3. c.Prompt Corrective Action
  4. d.Public Channel Agency

Answer: (C) Prompt Corrective Action

"Prompt Corrective Action" (PCA) is the RBI's supervisory framework that imposes restrictions on banks whose financial health (measured through indicators like capital adequacy, asset quality and profitability) breaches certain risk thresholds, aiming to help them recover before failure.

Q142 Whole paperQ144