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  • Question
  • Who is the head of the committee to review the Economic Capital Framework (ECF) for the RBI?


  • Options
  • A. Subhash Chandra Garg
  • B. Hasmukh Adhia
  • C. Rajiv Mehrishi
  • D. Bimal Jalan

  • Correct Answer
  • Bimal Jalan 

    Explanation
    The six-member expert committee led by former RBI governor Bimal Jalan was appointed on December 26, 2018 to review the Economic Capital Framework (ECF) for the Reserve Bank of India (RBI). It is in news recently because the Jalan panel is likely to submit its report by June 2019. The panel is expected to spell out details regarding how the RBI should handle its reserves and whether it can transfer its surplus to the government. The report is also expected to detail the amount the central bank should transfer to the government. The terms of reference of the committee would be to review status, need and justification of various provisions, reserves and buffers presently provided for by the RBI. The committee will also review best practices followed by the central banks globally in making assessment and provisions for risks, to which central bank balance sheets are subjected.

  • More questions

    • 1. Union Government signed USD 350 million loan agreement with which financial organisation for road projects in Madhya Pradesh?

    • Options
    • A. International Monetary Fund (IMF)
    • B. World Bank
    • C. New Development Bank
    • D. Asian Development Bank
    • Discuss
    • 2. The film, 'Pele: Birth of a Legend', is featured in the initial list of Oscar nomination for two categories Best Original Score and Original Song category. Which song from the movie has been selected as one of the nomination contenders?

    • Options
    • A. Against All Odds
    • B. Ginga
    • C. Locker Room
    • D. Conquering the Demons
    • Discuss
    • 3. Who is the author of the book "Every Time It Rains"?

    • Options
    • A. Vikram Seth
    • B. Nikitha Singh
    • C. Mahi Jadon
    • D. Amitav Ghosh
    • Discuss
    • 4. Which film has won the Golden Peacock award at the 2016 International Film Festival of India (IFFI)?

    • Options
    • A. Rauf
    • B. Daughter
    • C. The Throne
    • D. Cold of Kalandar
    • Discuss
    • 5. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?

    • Options
    • A. Bihar
    • B. Uttar Pradesh
    • C. Jharkhand
    • D. Odisha
    • Discuss
    • 6. Which Indian Film opens the 2018 London Indian Film Festival?

    • Options
    • A. Sanju
    • B. Race 3
    • C. Raazi
    • D. Love Sonia
    • Discuss
    • 7. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?

    • Options
    • A. USA
    • B. Canada
    • C. United Kingdom
    • D. Australia
    • Discuss
    • 8. Which film won the Best Foreign Film in Oscar 2019?

    • Options
    • A. Shoplifters
    • B. Cold War
    • C. Roma
    • D. Capernaum
    • Discuss
    • 9. Which Hockey team won Malaysia series?

    • Options
    • A. Germany
    • B. Spain
    • C. India
    • D. Malaysia
    • Discuss
    • 10. The Union Cabinet approved the signing of a new Air Services Agreement with this country recently.

    • Options
    • A. Poland
    • B. Germany
    • C. Serbia
    • D. Australia
    • Discuss


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