Economics · Economy
With reference to the Financial Stability and Development Council (FSDC) in India, consider the following statements: I. It functions as an institutional mechanism for coordination among financial sector regulators and for maintaining financial stability. II. The Council operates as a statutory body under NITI Aayog. III. It is chaired by the Union Finance Minister. Which of the statements given above are correct?
- 1I, II and III
- 2I and III only✓
- 3III only
- 4I and II only
Correct answer
I and III only
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