Question

Which of the following is/are the major aim of Financial Inclusion?

A Ensuring proper degree of liquidity in an economy Correct Answer Incorrect Answer
B To provide basic banking services to all the sections of the society Correct Answer Incorrect Answer
C Ensuring proper implementations of Monetary Policy by the Banks and other Financial Institutions Correct Answer Incorrect Answer
D Ensuring equitable growth & development in an economy Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

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