Economics · Central Banking
Consider the following statements regarding the RBI's Economic Capital Framework (ECF) and Income Management Review: 1. The ECF determines how much profit the RBI retains versus how much it transfers to the government. 2. The framework was revised following recommendations from the Bimal Jalan Committee. 3. RBI's major income source is the direct taxation of financial institutions. 4. RBI finances asset acquisition partly through seigniorage. Which of the statements given above are correct?
- 1Only 1, 2 and 4✓
- 2Only 2, 3 and 4
- 3Only 1 and 4
- 4Only 1, 2 and 3
Correct answer
Only 1, 2 and 4
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