ACCORDING TO THE REVISED FRAMEWORK FOR REVIVAL AND REHABILITATION...

91. According to the Revised Framework for Revival and Rehabilitation of Medium, Small

and Micro Enterprises issued by the RBI, by which date all the banks should implement

these guidelines?

A. 30 June 2016

B. 1 April 2016

C. 30 April 2016

D. 31 July 2016

Answer: A. 30 June 2016

Explanation: The RBI has been taking various measures to reform the banking sector and bring

down the NPA’s. As a part of its efforts, it has revised the Rules for rehabilitation of MSME’s. The

framework proposed will be institutionalized by MSME’s before June 30, 2016.