Which of the following activities can lead to financial inclusion in India?begin{enumerate}item Issuing of general purpose credit cards.item Strict know your customer (KYC) normsitem Opening of Bank branches in unbanked rural areas.item Opening of no-frills account.end{enumerate} Select the correct answer using the codes given below:

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Which of the following activities can lead to financial inclusion in India?

A	norms
B	1, 2 and 3 only
C	2, 3 and 4 only
D	1, 3 and 4 only
E	2 and 3 only

Explanation:

Detailed explanation-1: -(1) Issuing of general purpose credit cards. (2) Strict know your customer’(KYC) norms. (3) Opening of Bank branches in unbanked rural areas. (4) Opening of no-frills account.

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: -Hon’ble Prime Minister announced Pradhan Mantri Jan Dhan Yojana as the National Mission on Financial Inclusion in his Independence Day address on 15th August 2014, to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities.

There is 1 question to complete.