BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Financial inclusion is a programme of the government to cover the maximum population with bank accounts. What is the current coverage approx (As on May 2018)?

A	25%
B	15%
C	40%
D	80%

Explanation:

Detailed explanation-1: -Index for the year ending March 2022 has since been prepared. The value of FI Index for March 2022 stands at 56.4 vis-à-vis 53.9 in March 2021, with growth witnessed across all the sub-indices.

Detailed explanation-2: -The Reserve Bank of India has released the Financial Inclusion Index for 2022, underlining how well financial products and services can be accessed by the general population. The index shows an improvement to 56.4 from 53.9 in 2021 across indices like access, usage and equality.

Detailed explanation-3: -Pradhan Mantri Jan Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

There is 1 question to complete.