Question

Expand the term FSDC, which is used in financial sector.

A Financial Security and Development Committee Correct Answer Incorrect Answer
B Financial Stability and Development Council Correct Answer Incorrect Answer
C Fiscal Security and Development Council Correct Answer Incorrect Answer
D Fiscal Stability and Development Council Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Financial Stability and Development Council (FSDC) was constituted in December, 2010. The FSDC was set up to strengthen and institutionalise the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development.

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