UPSC CSE Prelims
Question 30
With reference to 'Financial Stability and Development Council', consider the following statements :
- It is an organ of NITI Aayog.
- It is headed by the Union Finance Minister.
- It monitors macroprudential supervision of the economy.
Which of the statements given above is/are correct?
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: The Financial Stability and Development Council is a finance-ministry-led forum for coordination on financial stability and sectoral regulation, including macroprudential surveillance.
Statement/Pair-wise Analysis:
Statement/Item 1: Incorrect - FSDC is not a constituent institution of NITI Aayog.
Statement/Item 2: Correct - The Union Finance Minister chairs the council.
Statement/Item 3: Correct - Financial stability and macroprudential coordination form part of its mandate.
Option-wise Analysis:
A: Incorrect - includes incorrect statement/item 1; omits correct statement/item 3.
B: Incorrect - omits correct statement/item 2.
C: Correct - includes all and only the true statements/items.
D: Incorrect - includes incorrect statement/item 1.