With reference to ‘Financial Stability and Development Council’, consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?
- A. 1 and 2 only
- B. 3 only
- C. 2 and 3 only
- D. 1, 2 and 3
Answer: C
Explanation
The Financial Stability and Development Council (FSDC) under the chairmanship of union Finance Minister was set up by the government as the apex-level forum in December 2010.