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Which of the following can aid furthering the government’s objective of Financial Inclusion?
- Disbursal of interest free loans to economically weaker section
- Promoting savings by opening zero balance bank account.
- Affordable payment and remittance services
- Financial advice to the disadvantaged groups
How many of the above statements is/are correct?
- a)Only one
- b)Only two
- c)Only three
- d)All four
Correct answer is option 'D'. Can you explain this answer?
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Which of the following can aid furthering the government’s objec...
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.
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Which of the following can aid furthering the government’s objec...
Disbursal of interest free loans to economically weaker section
- Providing interest-free loans to economically weaker sections can help them access financial resources without the burden of high interest rates, thereby promoting their financial inclusion.
- This initiative can empower individuals to start or expand their businesses, leading to economic growth and poverty reduction.
Promoting savings by opening zero balance bank account
- Opening zero balance bank accounts can encourage individuals, especially those from low-income backgrounds, to save money and access formal financial services.
- This can help in increasing financial literacy and building a saving habit among the population, ultimately contributing to financial inclusion.
Affordable payment and remittance services
- Providing affordable payment and remittance services can make it easier for individuals, especially in rural areas, to conduct financial transactions and access banking services.
- This can help in reducing the dependence on informal channels for financial transactions and promote the use of formal financial services.
Financial advice to the disadvantaged groups
- Offering financial advice to disadvantaged groups can help them make informed decisions about managing their finances, investments, and savings.
- This can empower individuals to make better financial choices, improve their financial health, and ultimately enhance their participation in the formal financial system.
- Providing interest-free loans to economically weaker sections can help them access financial resources without the burden of high interest rates, thereby promoting their financial inclusion.
- This initiative can empower individuals to start or expand their businesses, leading to economic growth and poverty reduction.
Promoting savings by opening zero balance bank account
- Opening zero balance bank accounts can encourage individuals, especially those from low-income backgrounds, to save money and access formal financial services.
- This can help in increasing financial literacy and building a saving habit among the population, ultimately contributing to financial inclusion.
Affordable payment and remittance services
- Providing affordable payment and remittance services can make it easier for individuals, especially in rural areas, to conduct financial transactions and access banking services.
- This can help in reducing the dependence on informal channels for financial transactions and promote the use of formal financial services.
Financial advice to the disadvantaged groups
- Offering financial advice to disadvantaged groups can help them make informed decisions about managing their finances, investments, and savings.
- This can empower individuals to make better financial choices, improve their financial health, and ultimately enhance their participation in the formal financial system.
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Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?
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Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?.
Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following can aid furthering the government’s objective of Financial Inclusion? Disbursal of interest free loans to economically weaker section Promoting savings by opening zero balance bank account. Affordable payment and remittance services Financial advice to the disadvantaged groupsHow many of the above statements is/are correct?a)Only oneb)Only twoc)Only threed)All fourCorrect answer is option 'D'. Can you explain this answer?.
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