UPSC Previous Year Question | Prelims GS | 2026

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)?

  1. Credit access, Insurance depth, and Pension coverage
  2. Banking access, GDP contribution, and Financial literacy
  3. Access, Usage, and Quality
  4. Access, Affordability, and Transparency

Answer

Correct Answer

Access, Usage, and Quality

Explanation

The RBI's Financial Inclusion Index measures financial inclusion through three broad dimensions: Access, Usage and Quality. Access measures availability of financial services, Usage captures actual utilization, and Quality reflects aspects such as financial literacy, consumer protection and service quality. Therefore, option C is correct.

Topics: banking and finance, economy, financial inclusion, rbi