BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Awareness KYC & Money Laundering
What is the responsibility of the Board of Directors regarding credit risk models in Regulated Entities (REs)?
1
Directly develop the models
2
Approve and periodically review the Model Risk Management Framework (MRMF)
3
Oversee daily operations of credit models
4
Perform technical validations of the models
5
None of the above