Consider the following statements regarding Financial Stability and Development Council FSDC 1 The c...........

Economic Affairs Financial Institutions

Consider the following statements regarding Financial Stability and Development Council (FSDC).

1) The council is an initiative to strengthen and institutionalize the mechanism for maintaining financial Stability and Development.

2) FSDC is mandated to provide measures to reduce fiscal deficit.

3) Finance minister is ex-officio chairman of FSDC.

Which of the given above statement (s) is/ are correct?

1 and 2

2 and 3

1 only

1, 2 and 3

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Explanation:

All the statements are correct.
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008.
Chairperson: The Union Finance Minister of India