1. RBI's Regulatory Sandbox operates in "Cohorts" (groups). The First Cohort launched by RBI was focused on which theme?
Prevention of Financial Frauds
Retail Payments
Cross Border Payments
MSME Lending
Explanation:
RBI launches thematic cohorts to encourage innovation in specific areas. The first cohort (2019) was "Retail Payments" (e.g., offline payments), the second was "Cross Border Payments", the third was "MSME Lending", and fourth was "Prevention of Financial Frauds".