Multiple choice

Which of the following initiatives of the RBI are related to financial inclusion?

  1. Introduction of ‘no-frill’ accounts
  2. Simplification of KYC norms
  3. Electronic bank transfers
  4. Simplification of branch authorisation process

  1. 1, 2, 3 and 4

  2. Only 1 and 3

  3. Only 2 and 3

  4. 1, 2 and 4
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

All the above mentioned steps have been taken by the RBI in order to encourage its policy of financial inclusion.

Keep practicing — related questions