9 Questions
How is financial inclusion described in the text?
As a goal that enables economic growth
According to the United Nations, how many Sustainable Development Goals can financial inclusion enable?
7
What qualities should digital credit strive for, according to the text?
Responsibility, inclusivity, and affordability
What is the RBI striving for according to the text?
Creating an enabling regulatory ecosystem for financial innovation
What is the role of digital credit in sustainable economic growth?
Empowering individuals and firms to cultivate economic opportunities
Why is financial inclusion not just a goal according to the text?
It enables sustainable economic growth and reduces inequality
What should every financial institution strive for according to the text?
Affordable and inclusive digital credit
What did the United Nations identify financial inclusion as?
An enabler for 7 of the 17 Sustainable Development Goals
What are the primary qualities that digital credit needs at its best?
Responsible, inclusive, and affordable
Test your knowledge about the concept of Digital Banking Units and the guidelines issued by RBI for their operationalisation as announced in the Union Budget 2022-23.
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