When did Prime Minister Narendra Modi launch the RBI Retail Direct Scheme andReserve Bank- Integrated Ombudsman Scheme?

Correct option is D

Prime Minister Narendra Modi launched the RBI Retail Direct Scheme and the Reserve Bank-Integrated Ombudsman Scheme in November 2021.

• The RBI Retail Direct Scheme was introduced to enable individual investors to invest directly in government securities, making it easier for retail investors to buy and sell government bonds.
• This was a significant step towards deepening the financial markets and encouraging savings in government securities.
• The Reserve Bank-Integrated Ombudsman Scheme was launched to provide a single platform for resolving complaints related to all RBI-regulated entities.
• The scheme consolidated existing ombudsman schemes for the banking, non-banking, and digital payment sectors, aiming to streamline and simplify the grievance redressal process for consumers.

Other Options:

• January 2022 : The schemes were not launched in January 2022.
• February 2022 : This is also incorrect; the launch occurred earlier in November 2021.
• October 2021 : While the schemes were widely discussed before November 2021, their formal launch was in November.