SSC Economics Sample Paper NCERT Sample Paper-4

  • question_answer
    Consider the following regarding the Financial Stability Board:
    1. The Financial Stability Board, successor to the Financial Stability Forum was established in 2009.
    2. It comprises senior representatives of national financial authorities (central banks, regulatory and supervisory authorities and ministry of finance), international financial institutions etc.
    Which of these statements is/are correct?

    A)  Only 1 

    B)  Only 2

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: C

    Solution :

    [c] The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the 2009 G-20 London summit in April 2009 as a successor to the Financial Stability Forum (FSF). The Board includes all G-20 major economies, FSF members, and the European Commission. It is based in Basel, Switzerland.

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