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RAS question

Finance Minister Nirmala Sitharaman announced a campaign on October 4, 2025 to recover ₹1.84 lakh crore in unclaimed financial assets. Which of the following is NOT a category of unclaimed financial assets mentioned in this context?

Correct answer: (D) Government Treasury Bills.

Government Treasury Bills were not among the unclaimed financial asset categories covered by the October 4, 2025 campaign announced by Union Finance Minister Nirmala Sitharaman.

  1. (A)

    Dormant bank accounts

  2. (B)

    Unclaimed dividends

  3. (C)

    Insurance maturity proceeds

  4. (D)

    Government Treasury Bills

Explanation

The campaign was about unclaimed assets lying in the financial sector, not about every financial instrument issued in India. The PIB release says the Department of Financial Services, with RBI, IRDAI, SEBI and IEPFA, would run a three-month nationwide awareness campaign from October to December 2025, inaugurated by Nirmala Sitharaman at Gandhinagar on October 4, 2025. It identifies unclaimed assets such as bank deposits, dividends, insurance policy claims, shares and mutual fund proceeds, and says citizens would get guidance on searching, updating records and completing claims. Dormant bank accounts and insurance maturity proceeds also belong to this family. Treasury Bills, by contrast, are sovereign debt instruments and are not listed as unclaimed financial assets in this context.

Why the other options are wrong

  • (A) Dormant bank accounts fall within the bank-deposit side of unclaimed financial assets discussed in the campaign, so they are part of the context rather than the exception.
  • (B) Unclaimed dividends are expressly included among the financial assets covered by the campaign, alongside other investor-linked claims.
  • (C) Insurance maturity proceeds align with the insurance policy claims mentioned for the campaign, so they belong to the unclaimed-assets category being targeted.

Concept

This tests financial-sector awareness around unclaimed assets and the roles of regulators such as RBI, IRDAI, SEBI and IEPFA. RAS often asks such items because current government campaigns link economic administration with citizen-facing financial inclusion.

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