With reference to the Financial Stability Report (FSR), consider the following statements: 1. It is released annually by the Reserve Bank of India (RBI). 2. The FSR is based on the collective assessment of the Financial Stability and Development Council (FSDC) Sub-Committee. 3. The Financial Stability and Development Council (FSDC) is chaired by the Governor of the RBI. Which of the statements given above is/are correct? |ForumIAS

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[A] 1 and 2 only

[B] 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

Explanation:

Statement 1: Incorrect – The FSR is released biannually, not annually.
Statement 2: Correct – The FSR presents the Sub-Committee of the FSDC’s assessment of the strength and risks of India’s financial system.
Statement 3: Incorrect – The FSDC is chaired by the Finance Minister, not the RBI Governor.

Source- BS