New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    The Reserve Bank had announced the constitution

    of an Expert Committee to make recommendations on the required financial parameters to be factored in the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ along with sector specific benchmark ranges for such parameters. Mark the correct answer/s for this.
    A The Committee has recommended five financial ratios for 26 sectors Correct Answer Incorrect Answer
    B Shri K.V. Kamath was the chairperson of this committee. Correct Answer Incorrect Answer
    C The committee was headed by Arvind Subramanian. Correct Answer Incorrect Answer
    D Only a and b Correct Answer Incorrect Answer
    E Only a and c Correct Answer Incorrect Answer

    Solution

    The Reserve Bank had announced the constitution of an Expert Committee under the chairmanship of K.V. Kamath to make recommendations on the required financial parameters to be factored in the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ along with sector specific benchmark ranges for such parameters. Accordingly, a follow up circular to the Resolution Framework guidelines announced in August 6, 2020, has been issued today by the Reserve Bank specifying five specific financial ratios and the sector-specific thresholds for each ratio in respect of 26 sectors to be taken into account while finalising the resolution plans.

    Practice Next