What is ECF?
- AEconomic Capital Framework
- BEquity Cash flow
- CEntity Concept Fund
- DNone of the above
Solution & Step-by-step Explanation
In the context of the Reserve Bank of India (RBI) and fiscal policy, ECF stands for Economic Capital Framework. It refers to the risk management and capital allocation structure that determines the ideal level of risk capital and reserves the central bank needs to maintain, dictating how surplus funds are transferred to the Government of India.