Consider the following statements about X 1 X is designated as the super regulatory body 2 X is chai...........

Economic Affairs Financial Institutions

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Consider the following statements about X.

1. X is designated as the super regulatory body.

2. X is chaired by the Union Finance Minister.

3. X was set up based on recommendation of Raghuram Rajan Committee.

X is which of the following?

Financial Stability and Development Council

Public Debt Management Authority

Financial Sector Regulatory Council

Securities and Exchange Board of India

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Explanation:

Financial Stability and Development Council is the apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability. It is chaired by the Union Finance Minister and consists of heads of other financial regulatory bodies and experts as its members. It is the super regulatory body recommended by Raghuram Rajan Committee on Financial Sector Reforms.