BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To address inter-regulatory issues only
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To focus on financial literacy only
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To focus on financial inclusion only
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All the above
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Detailed explanation-1: -To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development.
Detailed explanation-2: -Functions of FSDC The body envisages to strengthen and institutionalize the mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation of the economy.
Detailed explanation-3: -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-4: -Financial Stability and Development Council is an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.
Detailed explanation-5: -1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister.