New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Identify the parameters of the Financial Inclusion Index

    launched by RBI?
    A Usage, Access and Quality Correct Answer Incorrect Answer
    B Usage, Access and Quantity Correct Answer Incorrect Answer
    C Credit, Insurance and Banking Correct Answer Incorrect Answer
    D Credit, Banking and Wages Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    "The Financial Inclusion-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with Government and respective sectoral regulators. The FI-Index comprises three broad parameters (weights indicated in brackets) viz, Access (35%), Usage (45%), and Quality (20%).

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