The National Centre for Financial Education (NCFE) is a Section 8 (Not-for-Profit) Company promoted by all of the following financial sector regulators except:

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**Solution:**

1. The National Centre for Financial Education (NCFE) is a Section 8 company established to promote financial literacy and education in India.

2. It is promoted by the key financial sector regulators in India to ensure a coordinated approach towards financial education.

3. The promoters include:
   - Reserve Bank of India (RBI)
   - Securities and Exchange Board of India (SEBI)
   - Insurance Regulatory and Development Authority of India (IRDAI)
   - Pension Fund Regulatory and Development Authority (PFRDA)

4. NABARD, although an important financial institution focusing on agriculture and rural development, is not a promoter of NCFE.

**Answer:** National Bank for Agriculture and Rural Development (NABARD)

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