Question
Consider the following statements with respect to Global
Findex Report 2021: I. It is released by World Bank. II. It used to measure people’s usability of financial services. III. According to this report the large shares of the global population without formal banking lives in India and China. Which of the statements given above is/are correct?Solution
Global Findex surveys over 125,000 adults in 123 economies during Covid-19 to better understand how people use formal and informal financial services and digital payment. Statement I is correct - : World Bank has released 'The Global Findex Report 2021'. Statement II is correct - : The Global Findex surveys over 125,000 adults in 123 economies during Covid-19 to better understand how people use formal and informal financial services and digital payment. Statement III correct -: Large shares of the global population without formal banking (130 million and 230 million, respectively) lives in India and China because of their size.
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