Indian Economy

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?

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

Answer

Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. In 2010, the FSDC was set up as an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India. Chairperson of FSDC is the Union Finance Minister of India.

The correct option is C.