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RBI's 'GUARD' strategy for UCB cybersecurity: what does 'A' stand for?

1. Automatic regulation
2. Agency
3. Appropriate Regulation (Governance Oversight, Utile Technology Investment, Appropriate Regulation and Supervision, Robust Collaboration and Developing necessary IT & cybersecurity skills set)
4. Authorisation

Correct answer: Appropriate Regulation (Governance Oversight, Utile Technology Investment, Appropriate Regulation and Supervision, Robust Collaboration and Developing necessary IT & cybersecurity skills set)

Solution

RBI's GUARD framework: G=Governance Oversight, U=Utile Technology Investment, A=Appropriate Regulation and Supervision, R=Robust Collaboration, D=Developing IT & cybersecurity skills. 'A' stands for Appropriate Regulation.

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