Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?
A
Credit access, Insurance depth, and Pension coverage
B
Banking access, GDP contribution, and Financial literacy
C
Access, Usage, and Quality
Correct answer
D
Access, Affordability, and Transparency
Explanation
The RBI's Financial Inclusion Index (launched 2021) is built from three sub-indices: Access (35% weight), Usage (45%) and Quality (20%). It covers banking, investments, insurance, postal services and pensions on a scale of 0 to 100.
Banking & Financial InstitutionsFinancial inclusion measurementFI-IndexRBIAccessUsageQuality