2025 · Q22
Which one among the following statements is not correct?
- aThe Financial Stability and Development Council (FSDC) was set up in 2010.
- bThe National Logistics Policy (NLP) was launched in 2022.
- cThe Rural Infrastructure Development Fund (RIDF) was instituted in NABARD during 1995-96.
- dThe G20 was formed in 2001 as a forum of Finance Ministers and Central Bank Governors.
indian-polity-economyeconomy-fundamentals
- AThe Financial Stability and Development Council (FSDC) was set up in 2010.
- BThe National Logistics Policy (NLP) was launched in 2022.
- CThe Rural Infrastructure Development Fund (RIDF) was instituted in NABARD during 1995-96.
- DThe G20 was formed in 2001 as a forum of Finance Ministers and Central Bank Governors.
Explanation
The Financial Stability and Development Council was indeed set up in December 2010, the National Logistics Policy was launched in September 2022, and the RIDF was instituted in NABARD in 1995-96 — all three statements are correct. The G20, however, was founded in 1999 (in the wake of the Asian financial crisis) as a forum of Finance Ministers and Central Bank Governors, not in 2001. Hence statement (d) is the not-correct one.