Question

Providing which product/service is generally not covered under Financial Inclusion-?

A 1) Deposit Correct Answer Incorrect Answer
B 2) Credit Correct Answer Incorrect Answer
C 3) Insurance Correct Answer Incorrect Answer
D 4) Remittance Correct Answer Incorrect Answer
E 5) Mutual Funds Correct Answer Incorrect Answer

Solution

Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Financial refers to all types of financial services, including credit, savings, payments and credit, from all types of formal financial institutions

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