Economics · Financial Inclusion
Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R): Assertion (A): Financial inclusion aims to provide affordable financial services to all sections of society, especially vulnerable and low-income groups. Reason (R): Financial inclusion reduces dependence on informal sources of credit and promotes inclusive economic growth. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false but (R) is true
- 2(A) is true but (R) is false
- 3Both (A) and (R) are true but (R) is not the correct explanation of (A)
- 4Both (A) and (R) are true and (R) is the correct explanation of (A)✓
Correct answer
Both (A) and (R) are true and (R) is the correct explanation of (A)
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