Financial inclusion measures in India – UPSC Prelims PYQ 2010
With reference to India, consider the following:
- Nationalization of Banks
- Formation of Regional Rural Banks
- Adoption of villages by Bank Branches
Which of the above can be considered as steps taken to achieve the “financial inclusion” in India?
- 1 and 2 only
- 2 and 3 only
- 3 only
- 1, 2 and 3
Explanation
All options are correct
- All three measures expanded access to banking services:
- Bank nationalization widened credit access to priority sectors.
- Regional Rural Banks targeted rural and agrarian populations.
- Village adoption schemes brought banking services to unbanked areas.
Answer: (d) 1, 2 and 3
