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