SSC CHSL 2025 PYQ — Question 80

The correct answer is Option 2: 3
Explanation:
The Financial Inclusion Index (FI-Index), released by the Reserve Bank of India (RBI), is primarily based on three broad sub-indices (parameters).
These three sub-indices and their respective weightages are as follows:
Access (35%): This measures the availability of banking infrastructure, bank branches, ATMs, and digital banking services.
Usage (45%): This measures the extent to which people are actually utilizing banking services (such as savings, investments, insurance, and credit).
Quality (20%): This focuses on the quality of financial services, customer satisfaction, financial literacy, and grievance redressal mechanisms.
Key Facts about the FI-Index:
Issuer: Reserve Bank of India (RBI).
Frequency: It is published annually in the month of July.
Scale: The index is measured on a scale ranging from 0 to 100, where 0 represents complete financial exclusion and 100 represents complete financial inclusion.
Base Year: This index does not have a specific base year; it cumulatively reflects the progress achieved each year.
Additional Information (Figures as of July 2025):
A significant improvement has been observed in the FI-Index for the year ending March 2025, reflecting the success of digital payments and banking access initiatives in India. This is a result of the government's 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) and 'Digital India' initiatives.
Potential Questions for Upcoming Examinations:
Question: Which sub-index carries the highest weightage in the Financial Inclusion Index (FI-Index)?
Answer: Usage (45%).
Question: In which month of the year does the RBI release the FI-Index?
Answer: July. Question: What is the maximum value of the Financial Inclusion Index?
Answer: 100.