BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following efforts fall under Financial inclusion plan of RBI/Government?

A	Nationalization of banks
B	Public Sector Lending targets
C	Zero Balance accounts
D	All of the above

Explanation:

Detailed explanation-1: -Q. Which of the following efforts fall under Financial inclusion plan of RBI/Government? Notes: Efforts like Nationalization of banks, Public Sector Lending targets and Zero Balance accounts fall under Financial inclusion plan of RBI/Government.

Detailed explanation-2: -The strategy aims to provide access to formal financial services in an affordable manner, broadening & deepening financial inclusion and promoting financial literacy & consumer protection while the reach of the banks amongst the ranks of the underserved got a boost through the PMJDY.

Detailed explanation-3: -It comprises three broad parameters (weights indicated in brackets) viz., Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators.

Detailed explanation-4: -Individuals or businesses with the wayin to useful and affordable financial products and services that meet their needs-transactions, payments, savings, credit, and insurance-are said to be financially included.

There is 1 question to complete.