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3 cards from this section. Quick, good the night before a test.
Define a regulatory sandbox in one sentence.
Think about where new ideas can be safely trialed.
What is the main purpose of the RBI's sandbox?
Consider why regulations might be important.
What is a regulatory sandbox?
Consider its purpose in fostering innovation.
True or False: The RBI's sandbox completely eliminates risks.
Think about what happens during testing.
Propose a new FinTech innovation that could be tested in a regulatory sandbox. Describe the testing process and potential risks involved.
Think about the steps needed to securely assess the innovation.
Discuss the implications of failures in regulatory sandboxes. What are the possible outcomes for the businesses and consumers involved?
Consider the relationship between innovation and consumer confidence during failures.
4 more questions in this section. Enroll free to practise them all.
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