BANKING GENERAL KNOWLEDGE
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Question
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FSDC is an apex-level body constituted by the government of India. What is the full form of FSDC?
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Financial Stability and Development Chamber
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Funding Stability and Development Council
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Financial Stability and Department Council
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Financial Stability and Development Council
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Explanation:
Detailed explanation-1: -With a view to strengthening and institutionalizing the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, the Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December 2010.
Detailed explanation-2: -It is an organ of NITI Aayog. It is headed by the Union Finance Minister. It monitors macro-prudential supervision of the economy.
Detailed explanation-3: -Nirmala Sitharaman, the Finance Minister of India is the Chairman of FSDC.
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