Finance · Financial Markets
Read the following statements regarding the Indian Financial System: Statement I: The Indian Financial System is broadly classified into the formal sector, which includes regulated entities like banks and NBFCs, and the informal sector, which consists of indigenous bankers and money lenders. Statement II: The Capital Market in India is strictly restricted to equity instruments, while all debt-related instruments, including corporate bonds, are exclusively part of the Money Market. Statement III: The Financial Stability and Development Council (FSDC) was established to strengthen and institutionalize the mechanism for maintaining financial stability and enhancing inter-regulatory coordination. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only I and III✓
- 3Only I and II
- 4Only I
Correct answer
Only I and III
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