Questions

RAROC is a risk-adjusted framework for profitability measurement and profitability management. It is a tool for measuring risk-adjusted financial performance. And it provides a uniform view of profitability across businesses (Strategic Business Units / divisions). RAROC and related concepts such as RORAC and RARORAC are mainly used within (business lines of) banks and insurance companies. RAROC is defined as the ratio of risk-adjusted return to economic capital.

Achal Kumar Jyoti (64), a retired 1975 IAS Officer batch of Gujarat Cadre, is the newly appointed Chief Election Commissioner (CEC), who took over as the head of the Election Commission in New Delhi on today. He succeeded Dr Nasim Zaidi. Jyoti will continue as the Chief Election Commissioner till January 17, 2018. Prior to this appointment, he was Election Commissioner of India. A CEC or an EC can have a tenure of six years or hold office till the age of 65 years, whichever is earlier.