Consider the following statements regarding Financial sector Assessment Program Report ndash 1 It an...........

Economic Affairs Financial Institutions

Consider the following statements regarding Financial sector Assessment Program Report –

1. It analysis the resilience of the financial sector and the quality of the regulatory and supervisory framework in a country.

2. It is released by World Bank

Choose the correct answer using the codes below

Only 1

Only 2

Both 1 and 2

Neither 1 not 2

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Explanation:

The Report of the Financial Sector Assessment Programme for India by the International Monetary Fund (IMF). The Financial Sector Assessment Program (FSAP), established in 1999, is a comprehensive and in-depth assessment of a country’s financial sector. FSAPs analyze the resilience of the financial sector, the quality of the regulatory and supervisory framework, and the capacity to manage and resolve financial crises.

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