Question
The RBI's composite 'Financial Inclusion (FI) Index'
comprises three broad parameters. Which of the following is NOT one of those parameters?Solution
The FI Index (0-100) measures the extent of financial inclusion across the country. It focuses on how easily people can reach a bank (Access), how much they actually use those services (Usage), and the "Quality" of the experience, such as financial literacy and grievance redressal. It is unique because it doesn't have a "base year," reflecting cumulative efforts over time.
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