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UPSC Economics Poverty as a Challenge / एक चुनौती के रूप में गरीबी Question Bank Planning, Unemployment and Poverty in India

  • question_answer
    With reference to 'Financial Stability and Development Council', consider the following statements :                         [IAS Prelims 2016]
    (1) It is an organ of NITI Aayog.
    (2) It is headed by the Union Finance Minister.
    (3) It monitors macroprudential supervision of the economy.
    Which of the statements given above is/are correct?

    A) 1 and 2 only     

    B) 3 only

    C) 2 and 3 only

    D) 1, 2 and 3

    Correct Answer: C

    Solution :

    (i) Financial Stability and Development Council is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.
    (ii) It falls under Dep. Of economic affairs and FM is the chairman. So, 1 is wrong and 2 is right. By elimination, we are left with answer ?c?.


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