UPSC CAPF Assistant Commandant Model Paper 4

Question : 108 of 125

Marks: +1, -0

Which of the following options correctly describes the term 'Regulatory sandbox'?

They are rules and regulations to be followed by all the insurance service offering companies
It is a window system to get all the licenses for retail startups
It is a framework for the testing of innovative financial services and products in a controlled manner
They are a basket of central banks' regulatory laws that needs to be followed by the cooperative banks

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