Q. Consider the following statements regarding the financial stability report (FSR):
1. It is released biannually by Reserve Bank of India.
2. It is approved by sub-committee of Financial Stability and Development Council (FSDC) before it is published.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

The Financial Stability Reports (FSR), published by Reserve Bank of India, after approved by FSDC Sub-Committee since its inception, taking inputs from financial sector regulators i.e. RBI, SEBI, PFRDA, IRDAI including Ministry of Finance, are periodic exercise for reviewing the nature, magnitude and implications of risks that may have a bearing on the macroeconomic environment, financial institutions, markets and infrastructure.  

  • These reports will also assess the resilience of the financial sector through stress tests. 
  • FSR is a biannual publication. 

Source: ForumIAS factly