The Board for Financial Supervision (BFS) was set up in:
A1990
B1994
C1997
D2000
Answer:
B. 1994
Read Explanation:
The BFS was created to oversee the functioning of banks, financial institutions, and non-banking financial companies in India.
Its main role is to ensure soundness, stability, and proper regulation of the financial system under the supervisory function of RBI.
