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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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