2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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Pakistan
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South Africa
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Australia
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Detailed explanation-1: -Premium Stress tests show that gross NPAs may fall further to 4.9% by September 2023. The stress tests in RBI’s Financial Stability Report showed that banks are capable of absorbing shocks even under adverse situations.
Detailed explanation-2: -India is an active Member of the FSB having three seats in its Plenary represented by Secretary (EA), Deputy Governor-RBI and Chairman-SEBI. Regular interaction with FSB takes place through periodic conference calls and meetings.
Detailed explanation-3: -Today, the Reserve Bank released the 26th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.
Detailed explanation-4: -The FSB’s predecessor institution the FSF was founded in 1999 by the G7 Finance Ministers and Central Bank Governors following recommendations by Hans Tietmeyer, President of the Deutsche Bundesbank.