Question
Consider the following statements regarding RBI’s Financial Inclusion Index- I.The Financial Inclusion (F
- I Index of the Reserve Bank of India (RB
- I 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?
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