Economics · Economy
Consider the following statements regarding digital financial inclusion in India: I. Digital and branch-light banking models can expand access to formal financial services in underserved regions. II. Institutions using extensive physical networks such as post offices can support last-mile banking delivery in remote areas. III. Expansion of digital financial services alone is sufficient to completely eliminate socio-economic inequality in an economy. Which of the statements given above are correct?
- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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