GyanGramWith reference to ‘Financial Stability and Development Council’, consider the following statements: 1. It is…
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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 macro-prudential supervision of the economy.
Which of the statements given above is/are correct?
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• Correct Answer: C
• FSDC is a non-statutory apex body under the Ministry of Finance, chaired by the Union Finance Minister.
• It monitors macro-prudential supervision and systemic risks in the financial sector.
• A is wrong: FSDC is not an organ of NITI Aayog; it was constituted in 2010 under the Finance Ministry.
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