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

Question

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

Accepted Answer

The Financial Stability and Development Council (FSDC) was established by the government in December 2010 as the apex-level forum. It is chaired by the Union Finance Minister. The council is responsible for monitoring the macroprudential supervision of the economy.In the context of the question, the correct statements are:Statement 2: It is headed by the Union Finance Minister.Statement 3: It monitors macroprudential supervision of the economy.Therefore, the correct answer is (c) 2 and 3 only.