General Studies Paper III (GS-III)

With reference to the Reserve Bank of India’s updated directions on the Basel III capital adequacy framework for Minimum Capital Requirements for Operational Risk, consider the following statements: 1. The revised capital adequacy framework applies uniformly to all commercial banks, including Small Finance Banks, Payment Banks, and Regional Rural Banks. 2. The updated instructions incorporate the Standardised Approach (Basel III SA) formulated by the Basel Committee on Banking Supervision for operational risk. 3. The revised Basel III capital adequacy framework for commercial banks will come into effect from April 01, 2027. Which of the statements given above are correct?

• [A] 1 and 2 only
• [B] 2 and 3 only
• [C] 1 and 3 only
• [D] 1, 2 and 3

With reference to the recent 30th meeting of the Financial Stability and Development Council (FSDC), consider the following statements: 1. The council discussed measures to promote innovation in the fintech sector and explore the tokenization of financial and real assets. 2. The council reviewed the Cybersecurity Strategy for the Financial Sector (FSCS) prepared by an Inter-Ministerial Group. 3. The meeting was chaired by the Governor of the Reserve Bank of India. Which of the statements given above are correct?

• [A] 1 and 2 only
• [B] 2 and 3 only
• [C] 1 and 3 only
• [D] 1, 2 and 3

Consider the following statements regarding the Commission for Air Quality Management in National Capital Region and Adjoining Areas (CAQM): 1. A high-level team led by the Chairperson of CAQM recently reviewed paddy straw management measures in districts such as Ropar, Hoshiarpur, and Amritsar. 2. The Commission directed state authorities to achieve co-firing targets in thermal power plants and ensure maximum utilization of paddy straw in thermal and biomass plants. Which of the statements given above is/are correct?

• [A] 1 only
• [B] 2 only
• [C] Both 1 and 2
• [D] Neither 1 nor 2