BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial services like payments, remittances, savings, loans, etc at affordable cost.
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Ration at affordable cost
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House at affordable cost
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Education at affordable cost
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Detailed explanation-1: -Financial inclusion intends to help people secure financial services and products at economical prices such as deposits, fund transfer services, loans, insurance, payment services, etc. It aims to establish proper financial institutions to cater to the needs of the poor people.
Detailed explanation-2: -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-3: -Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products.
Detailed explanation-4: -Pradhan Mantri Jan Dhan Yojana (PMJDY) Thus, PMJDY offers unbanked persons easy access to banking services and awareness about financial products through financial literacy programmes.