RRB Nsg. Superintendent-20 July 2019 (Shift-3rd)
General Knowledge
Easy
Which of the following department is mainly responsible for policy issues relating to Public Sector Banks (PSBs)?
Appeared in: RRB Nsg. Superintendent-20 July 2019 (Shift-3rd)
Explanation
- The Department of Financial Services (DFS) is a key department under the Ministry of Finance, Government of India.
- Its primary mandate is to oversee and formulate policies for Public Sector Banks (PSBs), public sector insurance companies, and other financial institutions.
- DFS is also responsible for managing major government schemes related to financial inclusion and social security, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY).
Why Other Options Were Wrong
- Option A: FIU-IND is a national agency responsible for receiving, processing, analyzing, and disseminating information relating to suspect financial transactions.
- Option B: TPDS is a government program focused on distributing food grains at subsidized prices to the poor. It is not related to the banking sector.
- Option C: CPGRAMS is an online platform for citizens to lodge grievances against any public authority. It is a redressal mechanism, not a policy-making body.
Related Visual
- Visual 1: Infographic: An organizational chart of the Indian Ministry of Finance, showing the Department of Financial Services (DFS) and its relationship with Public Sector Banks.
- Visual 2: Flowchart: A diagram illustrating the distinct functions of DFS (policy making), FIU-IND (financial intelligence), and CPGRAMS (grievance redressal) to clarify their separate roles.
Clinical Relevance
- Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain Indian Government Bodies and their Functions as background academic context rather than a clinical decision trigger.
- Understanding the structure of government is essential for general awareness and for navigating administrative and financial systems.
- For professionals in finance, banking, or public administration, knowing the specific roles of departments like DFS is critical for policy compliance and engagement.
- This knowledge helps in identifying the correct authority to approach for specific issues, whether it's policy clarification (DFS), grievance redressal (CPGRAMS), or reporting financial crime.
How to Approach the Question
- First, identify the core subject of the question, which is 'policy issues' for 'Public Sector Banks (PSBs)'.
- Next, analyze each option to understand its primary function.
- Eliminate options that are clearly unrelated to banking policy. 'Targeted Public Distribution System' (food) and 'CPGRAMS' (general grievances) can be quickly ruled out.
- Differentiate between the remaining, more plausible options. 'FIU-IND' deals with financial crime intelligence, not broad policy.
- Conclude that 'The Department of Financial Services', being part of the Ministry of Finance, is logically the body responsible for setting policies for government-owned banks.
Concept Tested & Keywords
- Concept Tested: Indian Government Bodies and their Functions
- Stem keywords: department, policy issues, Public Sector Banks, PSBs
- Lead-in keywords: Which
Question ID
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