Financial inclusion means provision of [IBPS 2011]

BANKING GENERAL KNOWLEDGE

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

A	financial services, namely, payments, remittances, savings, loans and insurence at affordable cost to persons not yet given the same.
B	ration at affordable cost to persons not yet given the same.
C	house at affordable cost to persons not yet given the same.
D	food at affordable cost to persons not yet given the same.

Explanation:

Detailed explanation-1: -Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.

Detailed explanation-2: -The correct answer is Providing Banking Services at an Affordable Cost. Financial inclusion means providing Banking Services at an Affordable Cost.

Detailed explanation-3: -That’s why I regard Financial literacy as the fourth pillar of financial inclusion, with the other three being – technology, women inclusion, and regulation.

Detailed explanation-4: -This role encapsulates the essence of renewed national focus on Financial Inclusion, promoting financial education and literacy and making credit available to productive sectors of the economy including the rural and MSME sector.

There is 1 question to complete.