With reference to ‘Financial Stability and Development Council’, consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: 2 and 3 only. ● Financial Stability and Development Council (FSDC) was set up by the Government in December 2010 for dealing with macro prudential and financial regularities in the entire financial sector of India. ● FSDC is not an organ of NITI Ayog. ● It is headed by the Union Finance Minister.

With reference to ‘Financial Stability and Development Council’, consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?

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