CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India has launched the Financial Literacy Week (FLW) from which date to propagate financial education?
A
February 4-8, 2021
B
February 5-9, 2021
C
February 6-10, 2021
D
February 8-12, 2021
Explanation: 

Detailed explanation-1: -The theme selected for current year FLW is “Go Digital, Go Secure” which will be observed between February 14-18, 2022. This theme is one of the strategic objectives of the National Strategy for Financial Education 2020-2025.

Detailed explanation-2: -The accounting year for the Reserve Bank of India was changed to April-March (earlier July-June) from the financial year 2020-21 onwards. Where available, this chapter has been updated beyond March 2022.

Detailed explanation-3: -The concept of financial inclusion was first introduced in India in 2005 by the Reserve Bank of India. The objectives of financial inclusion are to provide the following: A basic no-frills banking account for making and receiving payments.

Detailed explanation-4: -And this year, their theme is the closest to my belief system – “Credit Discipline and Credit from Formal Institutions”.

Detailed explanation-5: -A unified single market-determined exchange rate system based on the demand for and supply of foreign exchange replaced the LERMS effective March 1, 1993.

There is 1 question to complete.