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Correct Option is It is a three-year road map for medium term objective to be achieved for improving regulation, supervision of the RBI.

The Reserve Bank of India (RBI) board has finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. Utkarsh 2022 is a three-year road map for medium term objective to be achieved for improving regulation, supervision of the RBI. This medium term strategy is in line with the global central banks’ plan to strengthen the regulatory and supervisory mechanism. An internal committee was formed, which was anchored by outgoing Deputy Governor Viral Acharya, to identify issues that needed to be addressed over the next three years.

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