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Q53 (IAS/2026) Economy › Schemes, Inclusion & Social Sector Official Key

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)?

Result
Your answer: —  ·  Correct: C

Explanation

The Reserve Bank of India (RBI) introduced the Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The index comprehensively incorporates details of banking, investments, insurance, postal, and pension sectors in consultation with the respective sectoral regulators.

The FI-Index comprises three broad parameters (weights indicated in brackets):

  • Access (35%)
  • Usage (45%)
  • Quality (20%)

Each of these parameters consists of various dimensions, which are computed based on 97 indicators. A unique feature of the Index is the Quality parameter, which captures the quality aspect of financial inclusion as reflected by financial literacy, consumer protection, and inequalities and deficiencies in services.

Therefore, Access, Usage, and Quality correctly represent the three key sub-indices.

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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of…
At a glance
Origin: Mostly Current Affairs Fairness: Low / Borderline fairness Books / CA: 0/10 · 10/10
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This is a classic current affairs-driven economy question. RBI indices and reports are high-yield areas. While standard books cover financial inclusion conceptually, the specific parameters of the FI-Index require tracking RBI press releases or standard monthly CA magazines.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
What are the three key sub-indices of the Reserve Bank of India (RBI) Financial Inclusion Index (FI-Index)?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable
Web / Current Affairs
ddnews.gov.in Primary · Govt
Presence: 5/5
Why this source?
  • Official RBI press release announcing the construction of the FI-Index.
  • Explicitly names the three broad parameters (sub-indices) as Access, Usage, and Quality.
  • Provides the weightage for each: Access (35%), Usage (45%), and Quality (20%).
www.pib.gov.in Primary · Govt
Presence: 5/5
"The FI-Index comprises three broad parameters (weights indicated in brackets) viz., Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators."
Why this source?
  • Government press release reporting the FI-Index value for March 2024.
  • Confirms the index is based on three sub-indices: Access, Usage, and Quality.
  • Notes that the index was constructed by the RBI to capture the extent of financial inclusion across the country.
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