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23rd Meet Of The Financial Stability And Development Council

Published on December 17, 2020
Current Context: The 23rd meeting of the Financial Stability and Development Council (FSDC) was chaired by Union Finance Minister Nirmala Sitharaman.
23rd Meet Of The Financial Stability And Development Council
  • The meet was held to review macroeconomic developments and to discuss the issues related to global and national financial stability. 
  • The dignitaries discussed the policy measures taken by the government of India along with analysis of the activities undertaken by the FSDC Sub Committee chaired by Governor of RBI.
  • They held discussions about issues and challenges present in the transition of London Interbank Offer Rate (LIBOR) based contracts and observed that multipronged strategy involving relevant stakeholder institution and departments is required for this purpose. 
  • Static Part: About FSDC: It was formed in 2010 to observe the responsibilities like inter-regulatory coordination, financial stability, macroprudential surveillance of the economy and to bring the development in the finance sector. The members of FSDC are RBO governor, secretary of Department of Economic Affairs, Chief Economic Advisor of Ministry of Finance, PFRDA, IRDAI and IBBI


Q.1 Who among the following chaired 23rd Financial Stability and Development Council (FSDC) meet?
a. Amitabh Kant
b. Nirmala Sitharaman
c. PM Narendra Modi 
d. Ravi Shankar Prasad

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