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UPSC 2010: With reference to India, consider the following : 1. Nationalization of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the “financial inclusion” in India ?
(a)1 and 2 only
(b)2 and 3 only
(c)3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (d) 1, 2 and 3
Bank nationalization (1969 & 1980) vastly expanded rural branching; creation of Regional Rural Banks (1975) targeted credit to small and marginal farmers; and later schemes under which individual bank branches ‘adopt’ villages aim to bring basic banking services to unbanked areas. All three are explicitly intended to further financial inclusion, so options 1, 2 and 3 are relevant. ([bis.org](https://www.bis.org/review/r250611b.htm?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2010 Indian Economy question?▼
The correct answer is option (d): 1, 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Digital Payments & Financial Inclusion question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2010, GS Paper 1, as Question 138. It falls under Indian Economy > Digital Payments & Financial Inclusion.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Digital Payments & Financial Inclusion?▼
UPSC has asked 20 questions from Digital Payments & Financial Inclusion (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.