A) PG Apte
B) Deepak Mohanty
C) SN Suri
D) Raghuram Raj an
E) C. Rangrajan
Correct Answer: A
Solution :
RBI, on 8 February 2016, released the Report of the Working Group on Introduction of Interest Rate Options in India. The report was prepared by RBI committee chaired by Prof PG Apte. At present, interest rate derivatives (IRD) in India exists only in the form of Interest Rate Swap (IRS) and Forward Rate Agreement (ERA) in the OTC segment and Interest Rate Futures (IRF) on the Exchanges. These were made available by the RBI in 1999.| ? The central bank has now mandated that after a JLF finalizes a corrective action plan (CAP), the proposal should go to an empowered group of the lenders, for approval. |
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