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Per the IRDA brochure, the National Strategy for Financial Education (NSFE) is implemented by:
A{'text': 'RBI alone', 'letter': 'A'}
B{'text': 'The Insurance Ombudsman', 'letter': 'B'}
C{'text': 'The National Centre for Financial Education (NCFE)', 'letter': 'C'}
D{'text': 'Each State Government', 'letter': 'D'}
Answer & Solution
Correct answer: C. {'text': 'The National Centre for Financial Education (NCFE)', 'letter': 'C'}
1. The brochure describes IRDA's developmental role and financial literacy push.
2. NSFE is formulated for the nation as a coordinated initiative.
3. A National Centre for Financial Education (NCFE) has been set up for implementation of the NSFE by all the regulators of financial sector in India.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "A National Centre for Financial Education (NCFE) has been set up for implementation of the NSFE by all the regulators of financial sector in India."_