Question
Which of the following statements about the RBI's
Financial Inclusion Index (FI-Index) is correct? 1. The FI-Index rose to 64.2 in March 2024, indicating growth in financial inclusion. 2. The FI-Index ranges from 0 to 100, where 100 represents complete financial exclusion. 3. The value of the FI-Index increased from 60.1 in March 2023 to 64.2 in March 2024.Solution
The FI-Index did rise to 64.2 in March 2024, and its value increased from 60.1 in March 2023 to 64.2 in March 2024. The index ranges from 0 to 100, with 100 indicating full financial inclusion, not exclusion.
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