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    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.
    A Only 1 is correct Correct Answer Incorrect Answer
    B Only 2 is correct Correct Answer Incorrect Answer
    C Only 3 is correct Correct Answer Incorrect Answer
    D Both 1 and 3 are correct Correct Answer Incorrect Answer
    E All statements are correct Correct Answer Incorrect Answer

    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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