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      Question

      Internal Capital Adequacy Assessment Process (ICAAP) is

      a requirement under ______ of Basel norms.
      A Pillar I Correct Answer Incorrect Answer
      B Pillar II Correct Answer Incorrect Answer
      C Pillar III Correct Answer Incorrect Answer
      D Pillar IV Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Pillar 2 of Basel III Framework: Supervisory Review Process is basically intended to ensure that the banks have adequate capital to support all the risks associated in their businesses. As per RBI guidelines ICAAP or Internal Capital Adequacy Assessment Process is done by banks themselves while SREP or Supervisory Review and Evaluation Process is conducted by RBI.

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