Previous year MCQs

Economy UPPSC 2016 GS-I
Question

Which one of the following is not the objective of financial inclusion?

Answer & Solution

Answer: (Detailed Solution Below)

Option C: Shrinking of banking infrastructure.

Detailed Solution:

The correct answer is “Shrinking of banking infrastructure.”.
Shrinking of banking infrastructure is not an objective of financial inclusion. In fact, financial inclusion aims to expand banking infrastructure and make financial services more accessible to the poor and marginalized population, including those in rural areas.

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