Question

After how many years, Economic Capital Framework (ECF) has to be reviewed as per the Bimal Jalan Committee?

• A. 5 years
• B. 4 years
• C. 3 years
• D. 10 years

Hint:

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.

Answer 1

The Correct Option is B

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.