Q81.
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?
Answer
C
Explanation
The Financial Stability and Development Council (FSDC) under the chairmanship of the Union Finance Minister was set up by the government as the apex-level forum in December 2010. It is NOT an organ of NITI Aayog - Statement 1 is incorrect. It is headed by the Union Finance Minister - Statement 2 is correct. It monitors macroprudential supervision of the economy - Statement 3 is correct.