Consider the following statements regarding the Information Technology Resilience Index (ITRI): 1. It is introduced to assess the IT resilience of commercial banks and insurance companies. 2. It is an initiative of the Reserve Bank of India (RBI). Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding the Information Technology Resilience Index (ITRI):
1.It is introduced to assess the IT resilience of commercial banks and insurance companies.
2.It is an initiative of the Reserve Bank of India (RBI).
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D

Notes:

Explanation: Both statements are incorrect. The Information Technology Resilience Index (ITRI) is introduced by SEBI to assess the functioning and resilience of IT systems of Market Infrastructure Institutions (MIIs) such as stock exchanges, depositories and clearing corporations. It does not cover commercial banks or insurance companies.

Source- TH

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