Consider the following statements about Financial Stability and Development Council FSDC and mark th...........

Economic Affairs Public Finance and Debt Management

Download Solution PDF

Consider the following statements about Financial Stability and Development Council (FSDC) and mark the correct one/s

1. It is headed by the Governor of Reserve Bank of India.

2. It replaced the High Level Coordination Committee on Financial Markets (HLCCFM).

code:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Public Finance and Debt Management

Prepare through Micro-courses

Try Now

Explanation:

2 only

It is headed by the Governor of the Reserve Bank of India: This statement is not correct. The Financial Stability and Development Council (FSDC) is headed by the Finance Minister of India, not the Governor of the Reserve Bank of India (RBI).

It replaced the High Level Coordination Committee on Financial Markets (HLCCFM): This statement is correct. The FSDC was established to enhance financial stability and development in the country, and it replaced the High-Level Coordination Committee on Financial Markets (HLCCFM).