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    Question

    What is FSDC stands for? 

    A Financial System for Development Credit Correct Answer Incorrect Answer
    B Financial Stability and Development Council Correct Answer Incorrect Answer
    C Fiscal Stability and Development Council Correct Answer Incorrect Answer
    D Fiscal Stability and Development Committee Correct Answer Incorrect Answer
    E Financial Structure Deployment Committee Correct Answer Incorrect Answer

    Solution

    Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India. An apex-level FSDC is not a statutory body.

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