In February 2022, who among the following has chaired the 25th meeting of the Financial Stability and Development Council (FSDC) held in Mumbai?a)Nirmala Sitharamanb)T. V. Somanathanc)Narendra Modid)Pankaj Chaudharye)None of the aboveCorrect answer is option 'A'. Can you explain this answer?

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In February 2022, who among the following has chaired the 25th meeting of the Financial Stability and Development Council (FSDC) held in Mumbai?

a)
Nirmala Sitharaman
b)
T. V. Somanathan
c)
Narendra Modi
d)
Pankaj Chaudhary
e)
None of the above

Correct answer is option 'A'. Can you explain this answer?

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In February 2022, who among the following has chaired the 25th meetin...

The correct answer is Nirmala Sitharaman.

Key Points:

The 25th meeting of the Financial Stability and Development Council (FSDC) was held in Mumbai on 22 Feb 2022.
It was held under the chairpersonship of Union Finance Minister Nirmala Sitharaman (As of Feb 2022).
The Financial Stability and Development Council has been set up by the government to strengthen and institutionalize the mechanism for maintaining financial stability, etc.
Important Points
The council discussed measures required for further development of the financial sector and to achieve inclusive economic growth with macroeconomic stability.
It also discussed operational issues relating to currency management.
It also took note of the activities undertaken by the FSDC Sub-Committee chaired by the Reserve Bank of India (RBI) Governor and the action taken by members on the past decisions of FSDC.

Additional Information:

About Financial Stability and Development Council (FSDC):

Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December 2010.
The idea to create it was first mooted by the Raghuram Rajan Committee on Financial Sector Reforms in 2008.
The Chairman of the Council is the Union Finance Minister and its members include:
Chief Economic Adviser
Secretary, Department of Financial Services
The heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA & FMC)
Finance Secretary and/or Secretary, Department of Economic Affairs
The council also focuses on financial literacy and financial inclusion.

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In February 2022, who among the following has chaired the 25th meeting of the Financial Stability and Development Council (FSDC) held in Mumbai?a)Nirmala Sitharamanb)T. V. Somanathanc)Narendra Modid)Pankaj Chaudharye)None of the aboveCorrect answer is option 'A'. Can you explain this answer?

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