1 year ago in Daily GK Current Affairs

Read the following statements carefully:

1.The RBI has issued compensation guidelines for whole-time directors and chief executives of foreign, private, small finance, payments banks and local area banks.

2.If the variable pay is up to 200 per cent of the fixed pay, at least 50 percent of it should be in non-cash.

3.If the variable pay is above 200 per cent, 80 per cent of it should be paid via non-cash instruments.

Which of the above statements is/are correct?

[A] Only 1
[B] Only 1 and 2
[C] Only 1 and 3
[D] Only 2 and 3
[E] All are correct
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