|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.
You need to login to perform this action.
You will be redirected in 3 sec