Difficulty: Medium
Correct Answer: Sachet
Explanation:
Introduction / Context:
Protecting consumers from fraudulent deposit schemes and unauthorised money collection is an important role of financial regulators. To help citizens verify information and report suspicious schemes, the Reserve Bank of India launched a dedicated online portal. This question asks for the name of that portal, which is frequently mentioned in banking and financial awareness topics.
Given Data / Assumptions:
Concept / Approach:
The RBI portal designed for this purpose is called Sachet. The name conveys the meaning of being alert or cautious. The portal provides information on entities authorised to accept deposits, allows the public to lodge complaints, and facilitates coordination among regulators. The approach is to distinguish Sachet from other names that may sound similar but are not linked to this specific function.
Step-by-Step Solution:
Step 1: Recall that the RBI portal to combat illegal deposit taking is named Sachet.Step 2: Compare this recollection with the answer options.Step 3: Identify option D, Sachet, as matching the portal name.Step 4: Confirm that other names like Sahyog or Sampark are used for different initiatives or generic programmes.Step 5: Select Sachet as the correct answer.
Verification / Alternative check:
Banking awareness material, RBI press releases, and exam guides all mention Sachet as the portal for checking and reporting illegal money collection. None of the other terms is consistently associated with this specific RBI initiative. Cross checking with such sources confirms that Sachet is correct.
Why Other Options Are Wrong:
Option A: Sahyog suggests cooperation but is not the RBI portal for illegal schemes.Option B: Sahayata means assistance but does not name this particular portal.Option C: Sampark implies contact or connection and is used for other platforms, not for this specific RBI function.Option E: Suraksha means security, and while relevant in meaning, it is not the official name of the portal.
Common Pitfalls:
Because several government schemes and portals use similar sounding Hindi names, learners often confuse them. Another mistake is to guess based on literal translation rather than remembering the actual branding. To avoid this, link Sachet explicitly with the idea of staying alert against illegal deposit schemes and associate it with the RBI.
Final Answer:
The correct answer is Sachet.
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