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

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Financial Security and Development Council
B	Financial Stability and Development Council
C	Fiscal Security and Development Council
D	Fiscal Stability and Development Council

Explanation:

Detailed explanation-1: -No funds are separately allocated to the council for undertaking its activities. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 26th meeting of the Financial Stability and Development Council (FSDC) on September 15, 2022.

Detailed explanation-2: -Financial Stability and Development Council (FSDC): Without prejudice to the autonomy of regulators, the Council monitors macro prudential supervision of the economy, including functioning of large financial conglomerates, and addresses inter-regulatory coordination and financial sector development issues.

Detailed explanation-3: -The FSDC is the highest-level forum in December 2010 with the goal of institutionalizing the mechanism for preserving financial stability, improving inter-regulatory coordination, and fostering the growth of the financial sector.

There is 1 question to complete.