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 hall is in the shape of a rectangle with a length of 30 metres and its perimeter is 90 metres. If the hall is to be tiled at Rs.10 per square metre, calc...
- The selling price of an item when it is sold at a profit of 30% is Rs. 650. Find the percentage loss if the item is sold for Rs. 500.
Determine the co-ordinates of the point where the line through the points A (3, 4, 1) and B (5, 1, 6) crosses the XY- plane?
Amit purchased an article and marked it 60% above the cost price and sold it after giving a discount of 15% for Rs. 1530. What will be the selling price...
A man observes the top of a lighthouse from a point on the ground 30 m away from its base. If the angle of elevation is 60°, what is the height of the ...
- Sneha spends 30% of her monthly income on groceries and 50% of the remaining on travel. If she saved Rs. 980 after all expenses, then how much money did sh...
- The average age of 3 brothers is 24 years. If their ages are in the ratio 5:6:7, what is the age of the eldest brother?
- From a point 'P' on level ground, the angle of elevation to the top of a tower 60 metres tall is 45⁰. Calculate the shortest distance from point 'P' to t...
- Two successive discounts of 25% and 10% is equivalent to a single discount of how much percentage?
- Two workers, A and B, can finish a task in 36 days and 48 days respectively, working alone. How many days will they take to complete the work together?
