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Digital Banking Units: Union Budget 2022-23

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Digital Banking Units: Union Budget 2022-23

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Questions and Answers

How is financial inclusion described in the text?

As a goal without any means to an end

As a way to increase interest rates

As a way to eliminate poverty only

As a goal that enables economic growth (correct)

According to the United Nations, how many Sustainable Development Goals can financial inclusion enable?

7 (correct)

What qualities should digital credit strive for, according to the text?

Profitability, exclusivity, and high interest rates

Responsibility, inclusivity, and affordability (correct)

Regulation, limitation, and complexity

Stringency, scarcity, and high risk

What is the RBI striving for according to the text?

Creating an enabling regulatory ecosystem for financial innovation Signup and view all the answers

What is the role of digital credit in sustainable economic growth?

Empowering individuals and firms to cultivate economic opportunities Signup and view all the answers

Why is financial inclusion not just a goal according to the text?

It enables sustainable economic growth and reduces inequality Signup and view all the answers

What should every financial institution strive for according to the text?

Affordable and inclusive digital credit Signup and view all the answers

What did the United Nations identify financial inclusion as?

An enabler for 7 of the 17 Sustainable Development Goals Signup and view all the answers

What are the primary qualities that digital credit needs at its best?

Responsible, inclusive, and affordable Signup and view all the answers

Digital Banking Units: Union Budget 2022-23

Choose a study mode

Podcast

Questions and Answers

How is financial inclusion described in the text?

According to the United Nations, how many Sustainable Development Goals can financial inclusion enable?

What qualities should digital credit strive for, according to the text?

What is the RBI striving for according to the text?

What is the role of digital credit in sustainable economic growth?

Why is financial inclusion not just a goal according to the text?

What should every financial institution strive for according to the text?

What did the United Nations identify financial inclusion as?

What are the primary qualities that digital credit needs at its best?

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