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Recently, RBI has released the second ______ under the ______ for live testing of new products or services in a controlled/test regulatory environment.

1. Cohort, Regulatory Sandbox
2. Seminar, Regulatory Sanddunes
3. Coverage, Reserve Box
4. Statement, Reserve Platform

Correct answer: Cohort, Regulatory Sandbox

Solution

RBI conducts live testing of new financial products or services in a controlled environment called a regulatory sandbox. The selected group of participants is referred to as a cohort. Hence, the correct phrase is "Cohort, Regulatory Sandbox."

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