Current Affairs · Financial Inclusion Innovations
Statement 1: Pradhan Mantri Jan Dhan Yojana has shifted towards comprehensive wealth management in 2025, monitoring transaction patterns through AI to reduce dormancy and offering micro-investments. Statement 2: The Account Aggregator framework in 2025 eliminates physical verification barriers by providing consent-driven transaction history tracking to evaluate digital creditworthiness for street vendors. Statement 3: National Strategy for Financial Education has scaled up delivery via immersive virtual formats and mandated chatbots to build sustainable consumer literacy across 28 states. Identify the most accurate concluding statement regarding the programmatic integration of these three pillars.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1 is the only correct statement as the technologies mentioned in Statement 2 and 3 are still in the pilot stage and not yet implemented in 2025.
- 2All three statements describe a system where the bank branch remains the central point of contact and digital tools are merely secondary support systems for the urban population.
- 3Statements 1 and 2 are mutually exclusive while Statement 3 is the only one that focuses on actual human development in the rural sector.
- 4Statement 2 acts as the technological enabler that facilitates the objectives mentioned in Statement 1 while Statement 3 ensures the sustainability of these efforts through education.✓
Correct answer
Statement 2 acts as the technological enabler that facilitates the objectives mentioned in Statement 1 while Statement 3 ensures the sustainability of these efforts through education.
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