- The web-based end-to-end workflow automation system is named as ‘Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM)’.
- The PRISM will help supervised entities to strengthen their internal defenses and resilience
- It will allow SEs to focus on Root Cause Analysis (RCA)
- The PRISM will be having features like functionalities with respect to inspection; compliance; incident functionality for cybersecurity; complaints; and returns functionalities
- It will be having built-in remediation workflows, tracking of time, alerts, and notifications
- Also, it will be comprised of management information system (MIS) reports and dashboards
- Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Ques: 1: The RBI will be implementing PRISM, which is a web-based end-to-end workflow automation system to give strength to compliance by supervised entities (SEs). What does ‘S’ signifies in PRISM?
a. Safe
b. Secured
c. Supervision
d. Superfast
a. Safe
b. Secured
c. Supervision
d. Superfast
