As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	General Packet Radio Service
B	General Packet Running Service
C	Gross Packet Radio Service
D	Gain Packet Radio Service

Explanation:

Detailed explanation-1: -by developing a culture of savings among large segment of rural population. Further, financial inclusion protects their financial wealth and other resources in exigent circumstances by bringing low income groups within the perimeter of formal banking sector.

Detailed explanation-2: -Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services such as transactions, payments, savings, credit and insurance that meet their needs and are delivered responsibly and sustainably.

Detailed explanation-3: -Partnering with various stakeholders such as microfinance institutions, small finance banks, and commercial banks and taking the digital route will broaden the scope of financial inclusion and credit offtake.

Detailed explanation-4: -Financial inclusion aims to bring in digital financial solutions for the economically underprivileged people of the nation. It also intends to bring in mobile banking or financial services in order to reach the poorest people living in extremely remote areas of the country.

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