CURRENT AFFAIRS

2018

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

Who is the chairman of Financial Stability and Development Council (FSDC)?

A	Shri Suresh Prabhu
B	Shri Naresh Iyer
C	Shri Arun Jaitley
D	Shri Ramesh Kumar

Explanation:

Detailed explanation-1: -The Chairman of the Council is the Finance Minister and its members include the heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA & FMC) Finance Secretary and/or Secretary, Department of Economic Affairs, Secretary, Department of Financial Services, and Chief Economic Adviser.

Detailed explanation-2: -It is headed by the Union Finance Minister. It monitors macro-prudential supervision of the economy.

Detailed explanation-3: -A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) was held today at Reserve Bank of India, Mumbai. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting.

Detailed explanation-4: -Chairperson: The Indian Union Finance Minister (Present-Nirmala Sitharaman).

Detailed explanation-5: -The FSDC sub-committee headed by Reserve Bank Governor Shaktikanta Das on Thursday reviewed the economic situation in the backdrop of the COVID-19 pandemic and resolved to keep a close watch on the unfolding developments with a view to ensure financial stability.

There is 1 question to complete.