Consider the following statements: Inclusive is India’s most comprehensive financial inclusion index for measuring the progress of financial inclusion. Inclusix is developed by ICRA. It measures financial inclusion only on the two critical parameters of basic banking services–branch penetration and deposit penetration. Which of the statements given above is/are correct ? Options: A . &nbsp2 and 3 B . &nbsp1 and 2 C . &nbsp1 only D . &nbsp1, 2 and 3

Consider the following statements: Inclusive is India’s most comprehens

Question

Consider the following statements:

Inclusive is India’s most comprehensive financial inclusion index for measuring the progress of financial inclusion.

Inclusix is developed by ICRA.

It measures financial inclusion only on the two critical parameters of basic banking services–branch penetration and deposit penetration.

Which of the statements given above is/are correct?

Options:

A . 2 and 3

B . 1 and 2

C . 1 only

D . 1, 2 and 3

Answer: Option C
Answer: (c)
CRISIL has developed “Inclusix” which is India’s most comprehensive financial inclusion index for measuring the progress of financial inclusion in the country, down to district level.
Inclusix Index measures financial inclusion on the three critical parameters of basic banking services–branch penetration, deposit penetration and credit penetration.

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