Question
Consider the following statements:
Which of the statements given above is/are correct?
- Umesh Chandra Committee was set up by RBI to study the various issues relating to financial benchmarks.
- The Committee has recommended change in determining money market benchmark.
Which of the statements given above is/are correct?
Answer: Option C
Answer: (c)
RBI had set up a committee under its Executive Director P. Vijaya Bhaskar on June 28, 2013, to study the various issues relating to financial benchmarks.
The Committee has recommended a change in the way of determining the money market benchmarks so as to remove any possible scope for manipulation.
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Answer: (c)
RBI had set up a committee under its Executive Director P. Vijaya Bhaskar on June 28, 2013, to study the various issues relating to financial benchmarks.
The Committee has recommended a change in the way of determining the money market benchmarks so as to remove any possible scope for manipulation.
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