Q. With reference to the Financial Stability and Development Council (FSDC), consider the following statements:
1.It is a statutory body.
2.It is chaired by the Governor of the Reserve Bank of India.
3.Special budgetary funds are allocated to the council for undertaking its activities.
How many of the above statements are correct?
Answer: D
Notes:
Explanation: All Statements are incorrect
Statement 1 is incorrect: Financial Stability and Development Council (FSDC) is an apex-level forum constituted by the Government of India in December 2010. It is not a statutory body.
Statement 2 is incorrect: It is chaired by the Union Finance Minister of India.
Statement 3 is incorrect: No funds are separately allocated to the council for undertaking its activities.
Source: PIB
