Question

Lack of awareness and access to financial services is known as:

A Financial instability Correct Answer Incorrect Answer
B Financial inclusion Correct Answer Incorrect Answer
C Financial deficit Correct Answer Incorrect Answer
D Financial exclusion Correct Answer Incorrect Answer
E Financial Burden 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.

Practice Next

Relevant for Exams:

×
×