BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial services, namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same.
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ration at affordable cost to persons not yet given the same.
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house at affordable cost to persons not yet given the same.
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food at affordable cost to persons not yet given the same.
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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: -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.