Question
With reference to the Financial Inclusion Index, consider the following statements:
With reference to the Financial Inclusion Index, consider the following statements:
I.It was developed by the RBI in 2020, without any ‘base year', and is published in July every year.
II.It captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
III.It comprises three broad parameters (weights indicated in brackets) viz., 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 TRUE?
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