Question
Consider the following statements regarding RBI’s
Financial Inclusion Index- I.The Financial Inclusion (FI) Index of the Reserve Bank of India (RBI) stood at 60.1 percent for the financial year ending in March 2023. II.In August 2022, it was conceptualized as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector. III.The FI-Index comprises three broad parameters – Access (35%), Usage (45%), and Quality (20%), with each of these consisting of various dimensions, which are computed based on a number of indicators. Which of the following statements is/are correct?Solution
The Financial Inclusion (FI) Index of the Reserve Bank of India (RBI) stood at 60.1 per cent for the financial year ending in March 2023, as compared to 56.4 per cent in March 2022, due to improvements in Usage and Quality dimensions. The value stood at 53.9 per cent in March 2021.In August 2021, the central bank said it 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 – Access (35%), Usage (45%), and Quality (20%), with each of these consisting of various dimensions, which are computed based on a number of indicators.
A train has to cover a distance of 135 km in 15 hours. If it covers half journey in 3/5th time, then the speed of covering the remaining dist...
A truck travels from depot ‘D’ to warehouse ‘W’. If it moves at 80 km/h, it reaches 1 hour early. If it moves at 60 km/h, it reaches 1 hour late...
Neha and Riya start together from point P to point Q. The ratio of their speeds is 4:3. If Riya takes 30 minutes more than Neha to reach point Q, find t...
Two individuals, A and B, travel from point M to point N at different speeds. A takes 6 hours to complete the journey, while B takes 8 hours. The differ...
Average speed of ‘A’ during a 20-hour journey is 30 km/h. If he covered the first 240 km of his journey at a speed of 20 km/h, then find the speed a...
'A' starts a journey and covers the first half of the total distance at a speed of 15 km/hr. Then, he travels half of the remaining distance at 5 km/hr ...
In a 2000-metre race, 'Aarav' beats 'Dev' by '400' metres and 'Ishaan' by '600' metres. If 'Dev' and 'Ishaan' participate in an 800-metre race, and 'Ish...
As observed from the top of a light house, 120 √3 m above the sea level, the angle of depression of a ship sailing towards it changes from 30°...
Two cyclists start from the same point and travel in opposite directions. Cyclist A rides at 20 km/h, and Cyclist B rides at 15 km/h. After 2 hours, how...
A boy can swim a certain distance downstream in 5 hours and return in 7 hours. If the rate of stream is 4 kmph then what is the speed of boy in still wa...
