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Question

The population covered with bank accounts increased from 53 per cent in 2015-16 to ________ in 2019-21 (as per NFHS).

A 63% Correct Answer Incorrect Answer
B 72% Correct Answer Incorrect Answer
C 78% Correct Answer Incorrect Answer
D 89% Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Based on the pillars of a digital identity Aadhar, linking bank accounts with PM-Jan Dhan Yojana, and the penetration of mobile phones (JAM Trinity), the country has witnessed significant progress in financial inclusion in recent years. The population covered with bank accounts increased from 53 per cent in 2015-16 to 78 per cent in 2019-21 (as per NFHS). International evidence shows that countries at the same level of development have taken almost.

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