State PCS PYQPrelims 2024

UPPCS · Question 117

With reference to India, consider the following events: 1. Nationalisation of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above events can be considered as steps taken to achieve 'financial inclusion in India'?

  1. Only 2 and 3
  2. 1, 2 and 3
  3. Only 1 and 2
  4. Only 3
Show answer & explanation

Answer: (B) 1, 2 and 3

Explanation

Bank nationalisation (1969), RRBs (1975) and village adoption / service area approach all extended banking to the unbanked.