Home PYQs UPPSC UPPSC MCQs Prelims 2016 (GS Paper I)

Question

Which one of the following is not the objective of financial inclusion?

  1. To extend financial services to poor population.
  2. To unlock the door of growth potential of weaker section.
  3. Shrinking of banking infrastructure.
  4. To extend financial sector into rural areas.

Answer:

Option C: Shrinking of banking infrastructure.

Detailed Solution:

The correct answer is “Shrinking of banking infrastructure.”.

Shrinking of banking infrastructure is not an objective of financial inclusion. In fact, financial inclusion aims to expand banking infrastructure and make financial services more accessible to the poor and marginalized population, including those in rural areas.