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Speculative and Precautionary Demands

Business Corr...

Question

Business Correspondent Framework launched by the Reserve Bank of India is a step in achieving which of the following?

A

Financial inclusion

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B

Transparency in banking transactions

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C

Better control over cooperative/small banks

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D

Providing direct subsidy to consumers of Public Distribution System (PDS)

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Solution

The correct option is A Financial inclusion
Business Correspondent Framework launched by the Reserve Bank of India is a step in achieving financial inclusion. Financial inclusion provides an equal opportunity to all the individuals to avail the banking service.

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