Answer-What is FSDC stands for?

Q: Answer-What is FSDC stands for?

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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Question

What is FSDC stands for?

A Financial System for Development Credit Correct Incorrect

B Financial Stability and Development Council Correct Incorrect

C Fiscal Stability and Development Council Correct Incorrect

D Fiscal Stability and Development Committee Correct Incorrect

E Financial Structure Deployment Committee Correct Incorrect

Detailed 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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What is FSDC stands for?

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