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?
[amp_mcq option1=”1 and 2 only” option2=”3 only” option3=”2 and 3 only” option4=”1, 2 and 3″ correct=”option3″]
This question was previously asked in
UPSC IAS – 2016
– Statement 2 is correct. The FSDC is chaired by the Union Finance Minister of India.
– Statement 3 is correct. One of the key mandates of the FSDC is to monitor macroprudential supervision of the economy, focusing on financial sector stability and inter-regulatory coordination.