Question
The National Strategy for Financial Education (NSFE) for
the period 2020-2025 has been prepared by the National Centre for Financial Education (NCFE) in consultation with which of the following financial sector regulators?ÂSolution
The NSFE 2020-2025 was prepared by the National Centre for Financial Education (NCFE) in consultation with all of the listed financial sector regulators. • Consulting Regulators: o Reserve Bank of India (RBI) o Securities and Exchange Board of India (SEBI) o Insurance Regulatory and Development Authority of India (IRDAI) o Pension Fund Regulatory and Development Authority (PFRDA) • Objective of NSFE: To promote financial literacy and empowerment across diverse sections of the population, ensuring financial well-being. • Developed by: The NCFE, a Section 8 (Not for Profit) company under the Companies Act, 2013, and promoted by the above regulators.
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