IEPFA and ACCA Sign MoU to Promote Financial Literacy

Current Context: On February 3, 2025, an MoU (Memorandum of Understanding) was signed between the Investor Education and Protection Fund Authority (IEPFA) and the Association of Chartered Certified Accountants (ACCA) in New Delhi.

• Here are the key points:
• Objective: The main aim of this MoU is to develop a digital program focused on experiential learning to promote financial literacy among school children.
• Implementation: The program will be piloted in select schools, including those in rural areas, to ensure a broad reach.
• Teacher Training: School teachers will be trained to deliver the financial literacy content effectively to students.

Question:

1 What is the main aim of the MoU between Investor Education and Protection Fund Authority (IEPFA) and the Association of Chartered Certified Accountants (ACCA)?

• A) To promote digital banking
• B) To enhance cybersecurity measures
• C) To develop a digital program for experiential learning in financial literacy for school children
• D) To expand rural banking services

Answer: C) The main aim of this MoU is to develop a digital program focused on experiential learning to promote financial literacy among school children.