Question:
After how many years, Economic Capital Framework (ECF) has to be reviewed as per the Bimal Jalan Committee?
After how many years, Economic Capital Framework (ECF) has to be reviewed as per the Bimal Jalan Committee?
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Economic reviews, such as the one for the Economic Capital Framework, are important for ensuring that financial institutions maintain sufficient reserves while fulfilling their role in the economy.
Updated On: Mar 7, 2025
- 5 years
- 4 years
- 3 years
- 10 years
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The Correct Option is B
Solution and Explanation
As per the Bimal Jalan Committee, the Economic Capital Framework (ECF) needs to be reviewed after every 4 years to assess the adequacy of reserves and to ensure they are aligned with the needs of the economy.
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