gs1medium

With reference to the Financial Stability and Development Council, consider the following statements:

  1. 1.It is an organ of NITI Aayog.
  2. 2.It is headed by the Union Finance Minister.
  3. 3.It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?
  1. A.1 and 2 only
  2. B.3 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: C. 2 and 3 only

The Financial Stability and Development Council (FSDC) is an apex body established by the Government of India to address macroprudential challenges and oversee financial sector regulation. It is chaired by the Union Finance Minister and includes heads of various financial regulatory bodies. Its mandate includes monitoring risks to financial stability and coordinating policy among financial regulators.

Source: UPSC gs1 2016

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