Multiple choice

Which of the following is the penetration of Banking Services in India? About

  1. 15%

  2. 20%

  3. 25.5%

  4. 35.5%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Banking penetration in India was approximately 35.5% in the mid-2000s period, meaning only about one-third of the population had access to formal banking services. This low penetration was a key reason for promoting financial inclusion initiatives. The lower percentages (15%, 20%, 25.5%) would be too low for this period, and higher percentages were achieved later.

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