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    Question

    The Reserve Bank ofIndia (RBI) has constituted an

    eight-member committee named ‘FREEAI’ to develop a framework for responsible and ethical use of artificial intelligence in the financial sector. Who is appointed as the head of this committee?
    A Rajiv Kumar Correct Answer Incorrect Answer
    B Abhijeet Banerjee Correct Answer Incorrect Answer
    C Pushpak Bhattacharyya Correct Answer Incorrect Answer
    D Subhash Chandra Garg Correct Answer Incorrect Answer
    E K. VijayRaghavan Correct Answer Incorrect Answer

    Solution

    Pushpak Bhattacharyya, Professor at the Department of Computer Science and Engineering, IIT Bombay, has been appointed as the head of the FREE-AI Committee set up by the Reserve Bank of India (RBI). About the FREE-AI Committee • Full Form: Framework for Responsible and Ethical Enablement of Artificial Intelligence • Constituted by: Reserve Bank of India (RBI) • Purpose: To develop a framework for the responsible and ethical use of AIin the financial sector Mandate and Timeline  • The committee will: o Study current AI adoption in financial services o Review global regulatory and supervisory approaches on AI in finance • It is expected to submit its report within six months from the date of its first meeting.

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