Q47) In a major revamp of the financial sector architecture, the finan

1.	Q47) In a major revamp of the financial sector architecture, the finance ministry issued a fresh draft of the Indian Financial Code (IFC). Consider the following statements: 1) IFC envisages establishment of a financial regulatory architecture featuring seven agencies. 2) It proposed a monetary policy committee headed by the “chairperson” of the Reserve Bank of India to decide on key interest rates by a majority vote 3) According to IFC the central bank will function as the monetary authority, banking regulator and payment system regulator only Which of the statement(s) given above is/are correct?
Answer» Q47) In a major revamp of the financial sector architecture, the finance ministry issued a fresh draft of the Indian Financial Code (IFC). Consider the following statements: 1) IFC envisages establishment of a financial regulatory architecture featuring seven agencies. 2) It proposed a monetary policy committee headed by the “chairperson” of the Reserve Bank of India to decide on key interest rates by a majority vote 3) According to IFC the central bank will function as the monetary authority, banking regulator and payment system regulator only Which of the statement(s) given above is/are correct?

Q47) In a major revamp of the financial sector architecture, the finance ministry issued a fresh draft of the Indian Financial Code (IFC). Consider the following statements: 1) IFC envisages establishment of a financial regulatory architecture featuring seven agencies. 2) It proposed a monetary policy committee headed by the “chairperson” of the Reserve Bank of India to decide on key interest rates by a majority vote 3) According to IFC the central bank will function as the monetary authority, banking regulator and payment system regulator only Which of the statement(s) given above is/are correct?

Answer»

Q47) In a major revamp of the financial sector architecture, the finance ministry issued a fresh draft of the Indian Financial Code (IFC). Consider the following statements:

1) IFC envisages establishment of a financial regulatory architecture featuring seven agencies.

2) It proposed a monetary policy committee headed by the “chairperson” of the Reserve Bank of India to decide on key interest rates by a majority vote

3) According to IFC the central bank will function as the monetary authority, banking regulator and payment system regulator only

Which of the statement(s) given above is/are correct?

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