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On 30 Dec 2022, RBI launched the 2nd phase of the RBI’s medium-term strategy for strengthening regulatory and supervisory mechanisms called Utkarsh 2.0. The 1st strategy framework was launched in which year?
2017
2018
2019
2020
2021
- The Reserve Bank of India (RBI) introduced a medium-term strategy framework called Utkarsh 2022 in the year 2019.
- This initial framework aimed at strengthening the regulatory and supervisory mechanisms.
- It laid a three-year roadmap from 2019 to 2022.
- Utkarsh 2.0 marks the second phase of this strategy, launched on December 30, 2022.
- The second phase continues the journey towards a robust financial system.
- Option 1 (2017) and Option 2 (2018) are incorrect as Utkarsh was not launched in these years.
- Option 4 (2020) and Option 5 (2021) are incorrect as they do not align with the launch year of the first phase.
The correct answer is Option 3, 2019.
By: Parvesh Mehta ProfileResourcesReport error
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