Which one among the following statements is not correct? (a) The Financial Stability and Development Council (FSDC) was set up in 2010. (b) The National Logistics Policy (NLP) was launched in 2022. (c) The Rural Infrastructure Development Fund (RIDF) was instituted in NABARD during 1995-96. (d) The G20 was formed in 2001 as a forum of Finance Ministers and Central Bank Governors.

Statement (d) is incorrect because the G20 was established in 1999, not 2001. It was formed as a forum for Finance Ministers and Central Bank Governors from 19 countries and the European Union to discuss global economic and financial stability following the Asian financial crisis. Statement (a) is correct; the Financial Stability and Development Council (FSDC) was indeed set up by the Government of India in December 2010 as an apex-level non-statutory body [1]. Statement (b) is correct as the National Logistics Policy was launched in 2022 to improve the competitiveness of Indian goods. Statement (c) is correct; the Rural Infrastructure Development Fund (RIDF) was instituted in NABARD during the 1995-96 budget to fund incomplete infrastructure projects in states [3].

Sources

1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 3: Money and Banking - Part II > 3.4 Financial Stability and Development Council (FSDC) > p. 133
2. [2] https://www.nabard.org/auth/writereaddata/tender/pub_300623094704472.pdf
3. [3] https://www.nabard.org/content.aspx?id=482