Which among the following is not one of the promoters of the National Centre for Financial Education (NCFE), created for the promotion of financial education across India as per the National Strategy of Financial Education?

General Knowledge Indian Economy Difficulty: Medium
Choose an option
  • A
    Reserve Bank of India (RBI)
  • B
    Securities and Exchange Board of India (SEBI)
  • C
    Insurance Regulatory and Development Authority of India (IRDAI)
  • D
    Pension Fund Regulatory and Development Authority (PFRDA)
  • E
    Employees' Provident Fund Organization.

Answer

Correct Answer: Employees' Provident Fund Organization.

Explanation

### Concept & Fact The National Centre for Financial Education (NCFE) is a Section 8 (Not for Profit) Company promoted by India's top financial sector regulators. ### Step-by-Step Solution * The NCFE was established to implement the National Strategy for Financial Education. * It is jointly promoted by the four major financial sector regulators in India: 1. RBI (Banking) 2. SEBI (Securities and Markets) 3. IRDAI (Insurance) 4. PFRDA (Pensions) * The Employees' Provident Fund Organization (EPFO), while dealing with financial retirement funds, is a statutory body under the Ministry of Labour and Employment, not a regulatory promoter of the NCFE. ### Exam Strategy & Shortcut Group the "Big Four" financial regulators (RBI, SEBI, IRDAI, PFRDA). Any option outside these core market regulators is usually the odd one out in joint regulatory initiatives. ### Common Pitfall Assuming EPFO is a financial market regulator because it manages provident funds, whereas it is primarily a social security organization. ### Final Answer Therefore, the correct answer is **Employees' Provident Fund Organization.**
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