Who among the following was the Chairman of the Committee on Financial

Who among the following was the Chairman of the Committee on Financial Sector Assessment (CFSA) set up by the Government of India and the Reserve Bank of India in 2006 to undertake a complete health checkup of the country’s financial sector ?

Shri Ashok Chawla
Shri Ashok Jha
Dr. Rakesh Mohan
Dr. D. Subbarao
This question was previously asked in
UPSC CAPF – 2009
The correct option is C (Dr. Rakesh Mohan).
– The Committee on Financial Sector Assessment (CFSA) was set up jointly by the Government of India and the Reserve Bank of India (RBI) in 2006.
– The committee was tasked with undertaking a self-assessment of the country’s financial sector stability and development, in line with the Financial Sector Assessment Program (FSAP) of the International Monetary Fund (IMF) and the World Bank.
– Dr. Rakesh Mohan, who was then the Deputy Governor of the RBI, was the Chairman of this committee.
The CFSA submitted its report in March 2009, which provided a comprehensive analysis of the Indian financial sector, covering areas like financial regulation, supervision, institutions, and markets, and assessed compliance with international standards and codes.
Exit mobile version