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Which of these are the functions/responsibilities of the Financial Stability and Development Council (FSDC) that is chaired by the Union Minister of Finance?
Select the correct answer using the codes below.
1 and 4 only
2 and 3 only
1, 2 and 3 only
1,2,3 and 4
FSDC is super regulatory body for regulating financial sector which is a vital for bringing healthy and efficient financial system in the economy. The FSDC envisages to strengthen and institutionalize mechanism of (i) maintaining financial stability, (ii) Financial sector development, (iii) inter-regulatory coordination along with monitoring macro-prudential regulation of economy. Heads of the financial sector regulatory authorities (i.e., RBI, SEBI, IRDA, PFRDA), Finance Secretary and others are its members.
By: Pradeep Kumar ProfileResourcesReport error
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