The Financial Sector Cyber Security Strategy noted at the FSDC meeting was formulated by which body?
- A.An Inter-Ministerial Group of financial regulators and cyber security agencies
- B.The FSDC Sub-Committee alone
- C.A committee of the Insolvency and Bankruptcy Board of India
- D.The International Financial Services Centres Authority
Correct answer
Explanation
The correct answer is an Inter-Ministerial Group of financial sector regulators and cyber security agencies, which worked in coordination with the Department of Economic Affairs, the Department of Financial Services and the Ministry of Electronics and Information Technology. The Council took note of the strategy and expects its implementation to strengthen the resilience of the Indian financial sector, along with better protection of Critical Information Infrastructure and improved cyber security preparedness in Regional Rural Banks. Option B is wrong because the Sub-Committee, chaired by the RBI Governor, reported its own activities to the Council but was not named as the author of the strategy. Option C is wrong because the Insolvency and Bankruptcy Board deals with insolvency resolution, and its Acting Chairperson attended as a member. Option D is wrong because the IFSCA regulates the GIFT-IFSC, which came up in the meeting under investment flows rather than cyber security.
Read the full article: Nirmala Sitharaman Chairs 30th FSDC Meeting in New Delhi
Practice Questions
Who chaired the 30th meeting of the Financial Stability and Development Council held on 23 October 2026?
- A.The Governor of the Reserve Bank of India
- B.The Union Finance Minister
- C.The Chairperson of SEBI
- D.The Chief Economic Adviser
Show answer
Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, chaired the 30th meeting of the FSDC in New Delhi, which fits the Council's design: the Finance Minister heads it and the heads of the financial sector regulators sit on it.
Read the full explanation →Which campaign was noted at the FSDC meeting for refunding unclaimed financial assets to their rightful owners?
- A.Jan Dhan Se Jan Suraksha
- B.Your Money, Your Right
- C.Udgam Sampada
- D.Mera Dhan Meri Pehchan
Show answer
The Council noted the success of this campaign at the district level in returning unclaimed financial assets, and guided ministries and regulators to make further efforts for timely refunds.
Read the full explanation →What cumulative disbursement does SMFCL aim to reach by the end of FY2031?
- A.Rs 5,000 crore
- B.Rs 4,500 crore
- C.Rs 11,563 crore
- D.Rs 60,205 crore
Show answer
The corporation looks well beyond its present book and plans to reach cumulative disbursements of that size by the end of FY2031, a build-up that depends on equity support so that it can scale in line with Reserve Bank norms and its debt-to-equity ratio.
Read the full explanation →Who has been appointed the official Fund Manager for the Maritime Investment Fund component of the Maritime Development Fund?
- A.SBI Ventures Limited
- B.SMFCL itself
- C.The Securities and Exchange Board of India
- D.The Reserve Bank of India
Show answer
The correct answer is SBI Ventures Limited, which has been appointed the official Fund Manager for the Maritime Investment Fund component and brings professional management to the fund.
Read the full explanation →How much had SMFCL disbursed as on 30 September 2026?
- A.Rs 11,563 crore
- B.Rs 60,205 crore
- C.Rs 5,107 crore
- D.Rs 9,800 crore
Show answer
As on 30 September 2026 the corporation had disbursed this amount, and more than half of what it had sanctioned was still to be drawn as the projects behind the sanctions advanced.
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