Which one of the following is the name of the dashboard launched recently by the Reserve Bank of India to assess and monitor the progress of financial inclusion by capturing relevant parameters ?
- (a)Pragya
- (b)Antardrishti
- (c)Divyachakshu
- (d)Antahgyan
Correct — B, Antardrishti. The Governor of the Reserve Bank of India, Shaktikanta Das, launched a financial inclusion dashboard named Antardrishti on 5 June 2023, three months before this paper. The Bank's own description matches the wording of the question almost exactly: the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters. Its practical use is to show how far financial exclusion extends at a granular level across the country, so that the Bank and other stakeholders can direct effort where the gaps actually are. At launch it was intended for internal Reserve Bank use, and it works with the three dimensions the Bank uses to measure financial inclusion — access, usage and quality. The name itself is the clue, since antardrishti means insight.
- (a)Pragya — This is not the Reserve Bank's financial inclusion dashboard. The examiner has built a set of plausible Sanskrit-derived names for knowledge and insight around the one real answer, and this is one of them.
- (c)Divyachakshu — Another invented decoy in the same register, meaning divine sight. Nothing of this name was launched by the Reserve Bank for financial inclusion.
- (d)Antahgyan — The closest decoy of the three, because it is nearly a synonym of the right answer — inner knowledge against insight. The launched dashboard is Antardrishti.
Financial inclusion means bringing every household within reach of a bank account and the services that follow from it — payments, savings, credit and insurance. The Reserve Bank measures progress on three dimensions: access, meaning whether the services exist within reach; usage, meaning whether people actually use them; and quality, meaning whether the services are any good. A dashboard built on those parameters lets the Bank see where the shortfall is by region rather than only as a national average, which is what makes granular monitoring useful.
Questions of this kind test whether a candidate has read the year's launches, and the four options are deliberately close in meaning so that no amount of reasoning about the Sanskrit will separate them. The one aid the language does give you is that the right name usually describes the function honestly: a dashboard for assessing and monitoring is called insight. If you must guess, the option whose meaning matches the stated purpose most exactly is the better bet. As of the September 2023 exam Antardrishti was a fresh launch and an internal supervisory tool rather than a public website, and that is how it should be described.
- The Reserve Bank of India launched the financial inclusion dashboard Antardrishti on 5 June 2023, the Governor Shaktikanta Das making the launch.
- The dashboard provides the insight required to assess and monitor the progress of financial inclusion by capturing relevant parameters.
- It is designed to gauge the extent of financial exclusion at granular levels across the country and to help greater inclusion through multi-stakeholder collaboration.
- The Reserve Bank measures financial inclusion across three dimensions — access, usage and quality — and the dashboard was intended at launch for internal use.
- Guessing between near-synonymous Sanskrit names without having read the launch.
- Confusing a supervisory dashboard with a public-facing scheme or portal.
- Attributing a Reserve Bank initiative to the Finance Ministry, or the reverse.
Asked as a name-recall on a current initiative, with three invented names built from the same semantic field as the real one.
'Pradhan Mantri Jan-Dhan Yojana' has been launched for
- (a) providing housing loan to poor people at cheaper interest rates
- (b) promoting women's Self-Help Groups in backward areas
- (c) promoting financial inclusion in the country
- (d) providing financial help to the marginalized communities
Answer(c) promoting financial inclusion in the country
The programme whose progress a dashboard like this is built to track. Jan-Dhan opened the accounts; the access, usage and quality measurement asks whether those accounts are actually being used.
The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks. 2. Payment Banks can issue both credit cards and debit cards. 3. Payment Banks cannot undertake lending activities. Select the correct answer using the code given below.
- (a) 1 and 2 only
- (b) 1 and 3 only
- (c) 2 only
- (d) 1, 2 and 3
Answer(b) 1 and 3 only
The institutional side of the same policy. Payments banks were licensed to widen access, which is one of the three dimensions the Reserve Bank's dashboard tracks.
- practice — not a real PYQ
The Reserve Bank of India measures financial inclusion through an index built on which three dimensions ?
- (a)Access, Usage and Quality
- (b)Savings, Credit and Insurance
- (c)Rural, Urban and Semi-urban
- (d)Deposits, Advances and Investments
Answer(a) Access, Usage and Quality — the three dimensions behind the Financial Inclusion Index and the Antardrishti dashboard.
- practice — not a real PYQ
Antardrishti, launched in June 2023, is
- (a)a financial inclusion dashboard of the Reserve Bank of India
- (b)a crop insurance portal of the Ministry of Agriculture
- (c)a defence procurement platform
- (d)a health data repository of the Union Government
Answer(a) a financial inclusion dashboard of the Reserve Bank of India — launched on 5 June 2023 to assess and monitor progress on financial inclusion.