Economics · Banking and Finance
Which of the following best describes the term 'Financial Inclusion'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Implementation of strict 'Know Your Customer' norms by commercial banks
- 2Providing the facility of transfer of money completely free of cost
- 3Use of mobile phones for conducting all types of financial transactions
- 4Delivery of financial services at an affordable cost to vast sections of low-income groups✓
Correct answer
Delivery of financial services at an affordable cost to vast sections of low-income groups
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