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Recently the Reserve Bank of India has released the National Financial Education Strategy, it has been issued for which of the following period?
  • a)
    2021 -2026
  • b)
    2020 -2025
  • c)
    2019 -2024
  • d)
    2022 -2027
  • e)
    None of the above More than one of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Recently the Reserve Bank of India has released the National Financial...
  • RBI launches National Strategy for Financial Education for 2020-25.
IMPORTANT FACTS
  • The first National Financial Education Strategy for the period 2013-2018 was released in 2013.
  • It aims to empower the students to develop the necessary knowledge, skills, attitudes and attitudes to better manage their wealth and plan for their bright future.
  • The National Financial Education Strategy has been prepared by the National Center for Financial Education in consultation with the Department of Financial Services, other Ministries, and stakeholders CDFI, SRD, IBA, NPCI.
ECONOMICAL ASPECTS
  • National Financial Education Strategy- It is an ambitious strategy that aims to strengthen the ecosystem for various modes of digital financial services in all Tier-II to Tier VI centres to create the necessary infrastructure to move towards a less-cash society by March 2022.
STATIC ASPECTS
  • The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • The Central Office of the Reserve Bank was established in Calcutta but was permanently moved to Mumbai in 1937. 
  • Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
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Recently the Reserve Bank of India has released the National Financial...


Release of National Financial Education Strategy by the Reserve Bank of India

The Reserve Bank of India recently released the National Financial Education Strategy for the period 2020-2025. This strategy aims to enhance financial literacy and awareness among various segments of the population in India.

Importance of National Financial Education Strategy

- The National Financial Education Strategy is crucial for promoting financial inclusion and empowering individuals to make informed financial decisions.
- It plays a key role in promoting economic growth and stability by ensuring that individuals have the necessary knowledge and skills to manage their finances effectively.

Goals of the Strategy

- The strategy focuses on improving financial literacy among individuals across different age groups and socio-economic backgrounds.
- It aims to educate people on various financial products and services, as well as the risks and benefits associated with them.
- The strategy also emphasizes the importance of digital financial literacy in the digital age.

Implementation Period

- The National Financial Education Strategy released by the Reserve Bank of India covers the period 2020-2025.
- During this time frame, various initiatives and programs will be implemented to achieve the goals set out in the strategy.

Conclusion

In conclusion, the release of the National Financial Education Strategy by the Reserve Bank of India for the period 2020-2025 marks a significant step towards promoting financial literacy and inclusion in India. It is essential for individuals to be equipped with the necessary knowledge and skills to navigate the complex world of finance and make informed decisions.
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Recently the Reserve Bank of India has released the National Financial Education Strategy, it has been issued for which of the following period?a)2021 -2026b)2020 -2025c)2019 -2024d)2022 -2027e)None of the above More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Recently the Reserve Bank of India has released the National Financial Education Strategy, it has been issued for which of the following period?a)2021 -2026b)2020 -2025c)2019 -2024d)2022 -2027e)None of the above More than one of the aboveCorrect answer is option 'B'. Can you explain this answer? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about Recently the Reserve Bank of India has released the National Financial Education Strategy, it has been issued for which of the following period?a)2021 -2026b)2020 -2025c)2019 -2024d)2022 -2027e)None of the above More than one of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently the Reserve Bank of India has released the National Financial Education Strategy, it has been issued for which of the following period?a)2021 -2026b)2020 -2025c)2019 -2024d)2022 -2027e)None of the above More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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