UPSC Previous Year Question | Prelims GS | 2016

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?

  1. 1 and 2 only
  2. 3 only
  3. 2 and 3 only
  4. 1, 2 and 3

Answer

Correct Answer

2 and 3 only

Explanation

The FSDC is chaired by the Union Finance Minister and monitors macro-prudential supervision of the Indian economy, making statements 2 and 3 correct. It is not an organ of NITI Aayog, making statement 1 incorrect.

Topics: financial regulation, financial stability and development council, indian economy, regulatory bodies