Economy
2016
Banking in India
Financial Stability and Development Council
UPSC Practice Question

With reference to ‘Financial Stability and Development Council’, consider the following statements:

  1. It is an organ of NITI Aayog.
  2. It is headed by the Union Finance Minister.
  3. It monitors macro-prudential supervision of the economy.

Which of the statements given above is/are correct?

A.1 and 2 only
C.2 and 3 only
B.3 only
D.1, 2 and 3