Question : In June _________, the Reserve Bank of India published a "Consultative Document on Regulation of Microfinance".
Option 1: 2021
Option 2: 2019
Option 3: 2022
Option 4: 2020
Correct Answer: 2021
Solution : The correct answer is 2021.
The Reserve Bank of India (RBI) released a "Consultative Document on Regulation of Microfinance" in June 2021. Although this review's stated goals are to encourage lender competition and the financial inclusion of the underprivileged, the suggestions are likely to hurt these groups.
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