Which of the following statements are correct regarding the "Financial Inclusion Index (FI-Index)" as per the Reserve Bank of India (RBI)? The FI-Index improved to 64.2 in March 2024 from 60.1 in March 2023 due to growth across all sub-indices, particularly in the 'Usage' parameter. The FI-Index is composed of three broad parameters: ‘Access’ (35%), ‘Usage’ (45%), and ‘Quality’ (20%). The FI-Index is published annually with a base year to track financial inclusion progress across the country.

Correct Answer is : Only 1 and 2 are correct

IBPS RRB Office Assistant Mains 6 Oct 2024 Shift 1 Paper

Question : 114 of 200

Marks: +1, -0

Which of the following statements are correct regarding the "Financial Inclusion Index (FI-Index)" as per the Reserve Bank of India (RBI)?

The FI-Index improved to 64.2 in March 2024 from 60.1 in March 2023 due to growth across all sub-indices, particularly in the 'Usage' parameter.
The FI-Index is composed of three broad parameters: ‘Access’ (35%), ‘Usage’ (45%), and ‘Quality’ (20%).
The FI-Index is published annually with a base year to track financial inclusion progress across the country.

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