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UPSC Prelims 2026 GS Paper 1, question 88

Topic: Economy

Q88

Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?

  1. (a) Credit access, Insurance depth, and Pension coverage
  2. (b) Banking access, GDP contribution, and Financial literacy
  3. (c) Access, Usage, and QualityCorrect answer
  4. (d) Access, Affordability, and Transparency

Solution.

Answer: (c) Access, Usage, and Quality

  1. The Reserve Bank of India's composite Financial Inclusion Index (FI-Index), introduced in 2021, comprises three sub-indices: Access (35% weight), Usage (45% weight), and Quality (20% weight).
  2. It tracks 97 indicators across banking, investments, insurance, postal, and pension sectors on a scale of 0 to 100 without any base year.