Consider the following statements about lsquo Fiscal stability and development council rsquo 1 It fo...........

Economic Affairs Financial Institutions

Download Solution PDF

Consider the following statements about ‘Fiscal stability and development council’

1.It focuses on financial literacy and financial inclusion.

2.It has replaced the High Level Coordination Committee on Financial Markets.

3.The Governor of RBI acts as the chairman of this council.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

छोटे Courses बड़े Results

Master Financial Institutions

Prepare through Micro-courses

Try Now

Explanation:

It focuses on financial literacy and financial inclusion. (Correct - The Fiscal Stability and Development Council (FSDC) does focus on financial stability and includes issues related to financial literacy and financial inclusion.)

It has replaced the High Level Coordination Committee on Financial Markets. (Correct - The FSDC was established to replace the High-Level Coordination Committee on Financial Markets, among other objectives.)

The Governor of RBI acts as the chairman of this council. (Incorrect - The chairmanship of the FSDC is not held by the Governor of the Reserve Bank of India (RBI). The Minister of Finance is the ex-officio chairperson of the council.)