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    Question

    Consider the following statements about an Initiative

    “ Niveshak Didi ”: I . This initiative was launched by India Post Payments Bank . II . It was launched to promote Financial Literacy “ By the women, for the women ” concept III . IPPB was launched by the Prime Minister, Shri Narendra Modi on September 1, 2018 . Which statement / statements is / are correct?
    A All I, II and III Correct Answer Incorrect Answer
    B Only II and III Correct Answer Incorrect Answer
    C Only I and II Correct Answer Incorrect Answer
    D Only III Correct Answer Incorrect Answer
    E Only I Correct Answer Incorrect Answer

    Solution

    To take the Financial Literacy drive ahead, India Post Payments Bank ( IPPB ) , in collaboration with Investor Education and Protection Fund Authority ( IEPFA ) under the aegis of Ministry of Corporate Affairs ( MCA ) , launched the initiative called ‘ Niveshak Didi ’ to promote Financial Literacy “ By the women, for the women ” concept . ‘ Niveshak Didi ’ initiative is based on the ideology of women for women as rural area women feel more comfortable to share their queries with a female itself . About IPPB India Post Payments Bank ( IPPB ) has been established under the Department of Posts, Ministry of Communication with 100 % equity owned by the Government of India . IPPB was launched by the Prime Minister, Shri Narendra Modi on September 1, 2018 . The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India .

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