RBI & NCFE Launch Nationwide Financial Literacy Campaign

Current Context: On March 11, 2025, the Reserve Bank of India (RBI) and the National Centre for Financial Education (NCFE) launched a nationwide financial literacy campaign to promote financial awareness and inclusion across India.

Key Highlights:

• Target Groups: Focuses on youth, senior citizens, and underserved communities.
• Initiatives: Includes multilingual campaigns, financial literacy centers, and the "RBI Kehta Hai" awareness program.
• Topics Covered: Online banking safety, fraud prevention, investment awareness, and financial planning.
• Objective: Empower individuals to make informed financial decisions and safeguard against fraud.

Question:

Q.1 What is the primary objective of the nationwide financial literacy campaign launched by RBI and NCFE on March 11, 2025?
a) To promote cryptocurrency adoption in India
b) To empower individuals with financial awareness and fraud prevention skills
c) To encourage stock market investments among youth
d) To regulate private financial institutions

Answer: b) The campaign aims to help individuals make informed financial decisions and protect themselves against fraud, rather than promoting any specific investment or regulatory measures.