Current Affairs MCQ 629 of 1401 · Economy, Banking and Finance

The Financial Stability and Development Council (FSDC) is:

Aa committee of Parliament chaired by an MP
Ba non-statutory body chaired by the Finance Minister
Ca constitutional body set up under Article 280
Da statutory body chaired by the RBI Governor

Current Affairs 2025–26

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Correct answer: (b) a non-statutory body chaired by the Finance Minister

Explanation

The FSDC came from the Raghuram Rajan Committee (2008). The Finance Minister chairs it; the heads of the RBI, SEBI, IRDAI and PFRDA are members. Its sub-committee is chaired by the RBI Governor.