A high level committee appointed to review the economic capital framework of the RBI failed to arrive at a consensus during a meeting held recently, leading to a delay in finalising its report. With reference to this identify which of the following statement(s) is/are correct? 1. The high-level committee is headed by Bimal Jalan for examining the Economic Capital Framework (ECF). 2. ECF refers to the policy which determine the appropriate levels of reserve the central bank should hold and the surplus distribution to the government. Select the correct answer using the codes given below: - Study24x7
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A high level committee appointed to review the economic capital framework of the RBI failed to arrive at a consensus during a meeting held recently, leading to a delay in finalising its report. With reference to this identify which of the following statement(s) is/are correct? 1...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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