Q. RBI has revised norms for NBFC factor firms. What steps have been taken as part of this?

Answer of this question "RBI has revised norms for NBFC factor firms. What steps have been taken as part of this?", here are 4 choices for this question : Guidelines for NBFC companies stipulates there should be board approval for underwriting commitments with an aim to mitigate credit risk, RBI also raised threefold of reporting frauds from INR 25 lakh to INR 1 crore for NBFC, Factoring services should be extended in respect of invoice which showcases genuine trade transactions, All of the above.
Answer Is "All of the above".