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How does the FSDC’s role differ from that of RBI or SEBI?

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1. Which statement best describes how the FSDC’s role differs from that of individual regulators like RBI or SEBI?

FSDC replaces RBI and SEBI as India’s single financial regulator

FSDC coordinates across regulators and watches system-wide risk, while RBI and SEBI keep regulating their own sectors

FSDC only handles insurance and pension sector disputes

FSDC has statutory powers that override RBI’s monetary policy decisions

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