Q. In which year Committee on Financial Sector Assessment (CFSA) was set up by the Government of India and the Reserve Bank ?
Answer: 2006
Notes: Committee on Financial Sector Assessment (CFSA) was established in September 2006 by the Government of India and the Reserve Bank. The CFSA conducted a comprehensive assessment of India's financial sector based on guidelines from the Handbook on Financial Sector Assessment. The CFSA co-chaired by the Deputy Governor of the RBI and the Finance Secretary of the Government of India. The results of the CFSA's self-assessment in 2009 are available on the RBI website. The CFSA also recommended several reforms.