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– February 2024
 Financial Literacy Week 2024

Reserve Bank of India (RBI) is observing the Financial Literacy Week

(FLW) 2024 from February 26 to March 1, 2024, on the theme "Make
a Right Start – Become Financially Smart".

FLW has been observed every year since 2016 with the aim of
promoting financial literacy.

The theme selected for 2023 FLW is “Good Financial Behaviour

- Your Saviour” which will be observed between February 13
and 17, 2023.
 Details

The theme for this year, is targeted towards young adults,

mainly students.
Objective - To increase awareness on the advantages of
inculcating financial discipline from an early age with inputs on
saving, budgeting, power of compounding, banking essentials
and cyber hygiene.
 Details

The theme for this year, is targeted towards young adults,

mainly students.
Objective - To increase awareness on the advantages of
inculcating financial discipline from an early age with inputs on
saving, budgeting, power of compounding, banking essentials
and cyber hygiene.

As part of FLW campaign of 2024, RBI has announced a Financial

Literacy Ideathon
Aim - soliciting innovative ideas from postgraduate students, on
creative strategies to propagate financial literacy among the
youth so as to empower them to engage in responsible financial
behaviour and take informed financial decisions.
Highlights
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National Centre for Financial Education (NCFE) in

consultation with the four Financial Sector Regulators
and other relevant stakeholders has prepared the
revised NSFE (2020- 2025).
Theme - "Make a Right Start – Become Financially Smart".

The objective is to increase awareness on the advantages of

inculcating financial discipline from an early age with inputs
on saving, budgeting, power of compounding, banking
essentials and cyber hygiene
 IREDA and Punjab National Bank join hands to Co-
Finance Renewable Energy Projects

Indian Renewable Energy Development

Agency Ltd. (IREDA) and PNB have signed a
MoU aimed at advancing renewable energy
initiatives across the nation.
 Details

The agreement, signed at IREDA's registered office in New Delhi,

paves the way for joint efforts for supporting a diverse spectrum of
renewable energy projects.

These include joint lending, loan syndication and underwriting,
management of Trust and Retention Account (TRA) for IREDA
borrowers, and working towards competitive terms of sanction,
including pricing on IREDA borrowings. Through the collaboration,
IREDA and PNB can also invest in bonds issued by either organization.
Syndicated loan is a form of loan business in
which two or more lenders jointly provide
loans for one or more borrowers on the same
loan terms and with different duties and sign
the same loan agreement.
 MCQs for Practice

Q1. Recently, RBI announced Financial Literacy Week 2024 from February 26 to March 1, 2024. Which of

the following statements is\are incorrect in regard to the Financial Literacy week 2024?
1. Reserve Bank of India (RBI) is observing the Financial Literacy Week (FLW) 2024 on the theme "Make a
Right Start – Become Financially Smart".
2. Financial Literacy Week has been observed every year since 2017 with the aim of promoting financial
literacy.
3. The Objective is on creating awareness about savings, planning and budgeting, and prudent use of
digital financial services among senior citizens.
4. As part of FLW campaign of 2024, RBI has announced a Financial Literacy Ideathon.
A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 1 and 4
E. 2, 3 and 4
 MCQs for Practice

Q2. Indian Renewable Energy Development Agency Ltd. (IREDA) and __________ have signed a MoU aimed at

advancing renewable energy initiatives across the nation which comprises various provisions aimed at
enhancing support for renewable energy projects including joint lending, loan syndication and
underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working
towards competitive terms of sanction, including pricing on IREDA borrowings.

A. ICICI Bank
B. HDFC Bank
C. SBI Bank
D. DBS Bank
E. PNB Bank
Q. Recently (September 2021) NARCL was launched by the
Union Cabinet approving the government guarantee on
security receipts to buy bad loans of lenders. It has been
incorporated under the Companies Act and has applied for
license from RBI. What does R stand for in NARCL?

1. Resolution
2. Reconstruction
3. Restructuring
4. Revenue
5. None of the Above