Which department is organising the nationwide saturation campaign of financial inclusion schemes?
- A.Department of Expenditure
- B.Department of Economic Affairs
- C.Department of Financial Services
- D.Department of Revenue
Correct answer
Explanation
The correct answer is the Department of Financial Services. DFS is the department of the Ministry of Finance that handles banks, insurance and pension schemes, so the financial inclusion drive sits with it, and its Joint Secretary for financial inclusion chaired the preparatory meeting with the senior management of banks and the State Level Bankers Committee. The other three options are also departments of the Ministry of Finance, which is what makes them plausible. The Department of Expenditure in option A deals with public expenditure and financial rules. The Department of Economic Affairs in option B handles economic policy and the budget. The Department of Revenue in option D looks after direct and indirect taxes. Remember that progress under the campaign will be monitored jointly by the state administration, the banks and DFS.
Read the full article: Financial Inclusion Saturation Drive From 21 October 2026
Practice Questions
The saturation campaign of financial inclusion schemes announced by the Ministry of Finance will run during which period?
- A.2 October 2026 to 31 October 2026
- B.21 October 2026 to 31 December 2026
- C.1 November 2026 to 31 March 2027
- D.21 October 2026 to 26 January 2027
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The Department of Financial Services fixed this window for the countrywide drive, which reaches every gram panchayat and urban local body and asks banks to hold camps through the period.
Read the full explanation →Under the campaign, bank camps will hold awareness sessions on unclaimed financial assets under which name?
- A.Aapki Poonji, Aapka Adhikar
- B.Dhan Suraksha Abhiyan
- C.Jan Nivesh Jagrukta
- D.Bachat Bima Sashaktikaran
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The camps will run awareness sessions on financial inclusion schemes, on digital frauds and on this drive, which concerns financial assets lying unclaimed with banks and other institutions.
Read the full explanation →Which Union Budget speech said the Government would consider reducing its stake in IDBI Bank to below 50 per cent?
- A.Union Budget 2016-17
- B.Union Budget 2021-22
- C.Union Budget 2003
- D.Union Budget 2014-15
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In paragraph 93 of that speech the then Finance Minister Arun Jaitley said public sector banks had to be strong and competitive, that the Bank Board Bureau would be made operational in that year, that a roadmap for consolidating public sector banks would be spelt out, that the transformation of…
Read the full explanation →During the parliamentary debate on which law was an amendment moved to restrict dilution of the Government's shareholding in IDBI?
- A.IDBI (Repeal) Act, 2003
- B.Banking Regulation Act, 1949
- C.State Bank of India Act, 1955
- D.Reserve Bank of India Act, 1934
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The Finance Ministry's clarification records that while the Union Budget of 2003 was being discussed and Parliament was debating this repeal legislation, an amendment was moved that sought to limit any reduction of the Government's holding in IDBI.
Read the full explanation →Which court decided All India IDBI Officers' Association versus Union of India and Others, dismissing the challenge to dilution of the Government's stake?
- A.Supreme Court of India
- B.Delhi High Court
- C.Bombay High Court
- D.National Company Law Tribunal
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According to the clarification, the association of IDBI officers took the shareholding question to the Delhi High Court, which decided the case on 17 December 2018 and dismissed the writ petition.
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