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Regarding the Board for Financial Supervision (BFS) in India, which is true?

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1. Regarding the Board for Financial Supervision (BFS) in India, which is true?

The RBI performs financial supervision under BFS guidance, and BFS’s main objective is consolidated supervision of banks, financial institutions, and NBFCs

BFS supervises only foreign banks operating in India

BFS reports directly to the Ministry of Finance, not the RBI

BFS has no role in supervising NBFCs

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Regarding the Board for Financial Supervision (BFS) in India, which is true?

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