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What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) trinity in facilitating digital transactions in India?
  • a)
    It restricts access to banking services
  • b)
    It enhances the security of physical banking
  • c)
    It promotes financial inclusion and simplifies transaction processes
  • d)
    It increases the cost of banking services
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) tr...
The JAM trinity—comprising Jan Dhan accounts, Aadhaar identification, and mobile technology—significantly promotes financial inclusion and simplifies transaction processes by providing a robust framework for digital payments. This integration has enabled millions of Indians to access financial services, especially in rural areas, thus facilitating a substantial increase in digital transactions.
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What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) trinity in facilitating digital transactions in India?a) It restricts access to banking servicesb) It enhances the security of physical bankingc) It promotes financial inclusion and simplifies transaction processesd) It increases the cost of banking servicesCorrect answer is option 'C'. Can you explain this answer?
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What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) trinity in facilitating digital transactions in India?a) It restricts access to banking servicesb) It enhances the security of physical bankingc) It promotes financial inclusion and simplifies transaction processesd) It increases the cost of banking servicesCorrect answer is option 'C'. Can you explain this answer? for CUET Commerce 2024 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) trinity in facilitating digital transactions in India?a) It restricts access to banking servicesb) It enhances the security of physical bankingc) It promotes financial inclusion and simplifies transaction processesd) It increases the cost of banking servicesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the Jan Dhan, Aadhaar, and Mobile (JAM) trinity in facilitating digital transactions in India?a) It restricts access to banking servicesb) It enhances the security of physical bankingc) It promotes financial inclusion and simplifies transaction processesd) It increases the cost of banking servicesCorrect answer is option 'C'. Can you explain this answer?.
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