Recent initiatives for financial inclusion in India includebegin{enumerate}item no frill account for retail purpose.item simplified KYC (Know Your Customer).item Credit Counselling Credit (CCC) facilities.item extension of smart cards.end{enumerate}Select the correct answer using the codes given below:

BANKING GENERAL KNOWLEDGE

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

Recent initiatives for financial inclusion in India include

A	.
B	facilities.
C	1 and 2
D	2 and 3
E	3 and 4
F	All of these

Explanation:

Detailed explanation-1: -Pradhan Mantri Suraksha Bima Yojana (PMSBY) Sukanya Samriddhi Yojana. Jeevan Suraksha Bandhan Yojana. Credit Enhancement Guarantee Scheme (CEGS) for Scheduled Castes (SCs)

Detailed explanation-2: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

Detailed explanation-3: -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-4: -Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings. It focuses on providing financial solutions to the economically underprivileged.

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