WBCS.LIVE practice question

PCA stands for

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Public Current Account
  2. Principles of Corporate Accounting
  3. Prompt Corrective Action
  4. Public Channel Agency

Correct answer and explanation

Correct answer: Prompt Corrective Action

Explanation: āœ… Correct Answer: C) Prompt Corrective Action šŸ“š Explanation: Prompt Corrective Action (PCA) is a framework under which the Reserve Bank of India (RBI) monitors banks with weak financial metrics. It allows the regulator to intervene early to prevent a bank from failing. It focuses on capital, asset quality, and profitability.