ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONETARY POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
RBI has launched a portal to curb illegal money pooling by firms called ____
A
Sanchet.rbi.org.in
B
Sachet.rbi.org.in
C
Sanket.rbi.org.in
D
None of the above
Explanation: 

Detailed explanation-1: -Sachet (Hindi for alert) website is an initiative to curb illegal acceptance of deposits by unscrupulous entities.

Detailed explanation-2: -In case you have any complaint against any entity which has defaulted in repayment of money/deposits collected from you illegally under any scheme, you can file a complaint against the entity on Sachet portal.

Detailed explanation-3: -It is a software application to facilitate RBI’s grievance redressal processes. Members of public can access the CMS portal at RBI’s website to lodge their complaints against any of the entities regulated by RBI.

Detailed explanation-4: -This website is meant to facilitate lodging of any complaint related to deposits/schemes of various kinds/fake email. The complaint submitted on this website will be immediately forwarded to the concerned Regulator/Law Enforcement Authority who would take necessary action as per their procedures and processes.

There is 1 question to complete.