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    Question

    Which of the following is not a member of the Financial Stability and Development Council (FSDC) in India?

    A Governor of the Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    B Finance Secretary Correct Answer Incorrect Answer
    C Chairman of the Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    D Chief Economic Advisor to the Government of India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Financial Stability and Development Council (FSDC) is a statutory body in India that was established in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability and promoting financial sector development in the country. The FSDC is headed by the Finance Minister and includes members such as the Governor of the Reserve Bank of India (RBI), the Finance Secretary, the Secretary of the Department of Economic Affairs, the Secretary of the Department of Financial Services, the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), and the Chairman of the Pension Fund Regulatory and Development Authority (PFRDA). The Chief Economic Advisor to the Government of India is an invitee to the meetings of the FSDC. Hence, option C is not a member of the Financial Stability and Development Council (FSDC) in India.

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