Minimalist IAS
Prelims 2016 paper

UPSC CSE Prelims 2016 · GS Paper I · Question 56 · Constitutional, statutory & regulatory bodies

‘वित्तीय स्थिरता और विकास परिषद् (Financial Stability and Development Council)’ के संदर्भ में…

UPSC Civil Services (Preliminary) Examination 2016, General Studies Paper I, Question 56 — Constitutional, statutory & regulatory bodies.

‘वित्तीय स्थिरता और विकास परिषद् (Financial Stability and Development Council)’ के संदर्भ में निम्नलिखित कथनों पर विचार कीजिए :

  1. 1.यह नीति (NITI) आयोग का एक अंग है।
  2. 2.संघ का वित्त मंत्री इसका प्रमुख होता है।
  3. 3.यह अर्थव्यवस्था के समष्टि सविवेक (मैक्रो-प्रूडेंशियल) पर्यवेक्षण का अनुवीक्षण (मॉनिटरिंग) करता है।

उपर्युक्त कथनों में से कौन-सा/से सही है/हैं?

Read this question in English

With reference to 'Financial Stability and Development Council', consider the following statements:

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

उत्तर और व्याख्या · explanation in English

Answer: (c) केवल 2 और 3

The Financial Stability and Development Council (FSDC) is an apex body of the Government of India, chaired by the Union Finance Minister, that monitors macro-prudential supervision of the economy. It belongs to the Finance Ministry's set-up, not to NITI Aayog, so statements 2 and 3 are correct.

  • ✗ 1. The Government set up the FSDC by a notification of 30 December 2010, from the Union Budget 2010-11 announcement; the Department of Economic Affairs in the Finance Ministry services it. It is not an organ of NITI Aayog.
  • ✓ 2. The Chairman of the FSDC is the Finance Minister of India; its members are the heads of the financial regulators and senior Finance Ministry officials.
  • ✓ 3. Without prejudice to the autonomy of regulators, the Council monitors macro-prudential supervision of the economy, including the functioning of large financial conglomerates.

Remember · FSDC (30 Dec 2010): non-statutory apex council chaired by the Union Finance Minister; watches financial stability, macro-prudential supervision and inter-regulatory coordination.

Sources

Question and answer: UPSC's official GS Paper I (2016, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·

Cite this question: UPSC CSE Prelims 2016, Q56 — minimalistias.com/pyqs/prelims/2016/q56

In the UPSC syllabus: Constitutional, statutory & regulatory bodies › NITI Aayog & planning bodies See it and tick it covered →

Timed · 30 minutes Take Polity & governance · Set 4 as a test This question is in it — with UPSC's marking and an instant score. Start the set Or the whole 2016 paper →

More on Constitutional, statutory & regulatory bodies

All Constitutional, statutory & regulatory bodies questions →

Same topic in the Mains syllabus