CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who chairs the Financial Stability and Development Council?
A
Union Finance Minister
B
RBI Governor
C
Prime Minister
D
NITI Aayog CEO
Explanation: 

Detailed explanation-1: -It is chaired by the Finance Minister and its members include the heads of all Financial Sector Regulators (RBI, SEBI, PFRDA & IRDA), Finance Secretary, Secretary of Department of Economic Affairs (DEA), Secretary of Department of Financial Services (DFS), and Chief Economic Adviser.

Detailed explanation-2: -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-3: -Moreover, the group is not a statutory organisation. The FSDC’s 25th meeting was presided over by Finance Minister Nirmala Sitharaman. After the Budget 2022–23 was presented, this high-level panel meeting was the first one.

Detailed explanation-4: -Press Releases. A meeting of the Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) was held today (January 13, 2022) in virtual format. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting.

There is 1 question to complete.