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    Question

    With reference to the Financial Inclusion Index,

    consider the following statements: I.It was developed by the RBI in 2020, without any ā€˜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?Ā 
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only II & III Correct Answer Incorrect Answer
    D Only I & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    It was developed by the RBI in 2021, without any ā€˜base year', and is published in July every year. 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.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.

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