Consider the following statements about Centre for Advanced Financial Research and Learning CAFRAL 1...........

Economic Affairs Financial Institutions

Consider the following statements about Centre for Advanced Financial Research and Learning (CAFRAL)

1. It is set up by the Reserve Bank of India (RBI)

2. The Deputy Governor of RBI is the Chairman of the Governing Council of CAFRAL

3. It collaborates with other institutions within the country and outside to promote research in areas of interest to the Centre

Select the correct statements

1&2 only

2&3 only

1&3 only

All of the above

छोटे Courses बड़े Results

Master Financial Institutions

Prepare through Micro-courses

Try Now

Explanation:

The specialised, and fully funded institution of the RBI, Centre for Advanced Financial Research and Learning (CAFRAL), was set up in 2011 to serve as a knowledge hub of the country, being inaugurated by the then Prime Minister.
CAFRAL
•The Centre for Advanced Financial Research and Learning (CAFRAL) is an independent body set up by the Reserve Bank of India (RBI) in the backdrop of India’s evolving role in the global economy, in the financial services sector and its position in various international fora, and to develop into a world class global institution for research and learning in banking and finance.
•The Governor of RBI is the Chairman of the Governing Council of CAFRAL. CAFRAL’s learning arm is engaged in conducting seminars, conferences and other learning programs that serve as a platform for exchange of high-level policy dialogues between the various stakeholders by bringing together regulators, policy makers, bankers, academicians, researchers and practitioners. It also conducts advanced programs for enhancing professional capabilities of senior executives in the financial sector.
•CAFRAL’s research focus is on the areas of banking and finance.
Objectives
•Enhance our understanding of how the financial sector contributes to real sector growth through in-house and collaborative research that is useful and relevant
•Enhance professional capabilities in the banks, financial sector, and among central banks regulators and policy makers through learning events and programs
•Provide a platform for dialogue between policy makers’ regulators, financial sector, practitioners and academics on issues of topical relevance and systemic importance
•Communicate and disseminate the conclusions and results of the learning and research activities of CAFRAL to policy makers, central banks, regulators and public at large
Functions
•To undertake research that will be useful to central banks, regulators and the financial sector
•To conduct learning programs for central banks, regulators, Boards and senior management in the financial system
•To provide a platform for academics, researchers and practitioners to explore policy and regulatory issues in banking and finance
•To disseminate the results of the research and learning activities