GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which among the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?
|
|
NABARD, UTI and RBI
|
|
|
SIDBI, NABARD and UTI
|
|
|
Government of India, NABARD and RBI
|
|
|
SIDBI, Government of India and IDBI Bank
|
Explanation:
Detailed explanation-1: -Explanation: The answer is (a) Government of India, NABARD and RBI.
Detailed explanation-2: -The concept of financial inclusion was first introduced in India in 2005 by the Reserve Bank of India. The objectives of financial inclusion are to provide the following: A basic no-frills banking account for making and receiving payments.
Detailed explanation-3: -In India, RBI initiated several measures to achieve greater financial inclusion. These rely on efforts of the financial sector.
Detailed explanation-4: -NABARD has supported Financial Literacy efforts through various initiatives keeping in mind its importance to augment demand for financial services, especially for those offered on the digital platform.
There is 1 question to complete.