Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI)?
Answer & explanation
Answer: (c) Access, Usage, and Quality
The RBI’s FI-Index has three sub-indices: Access, Usage and Quality, weighted 35, 45 and 20 per cent. Credit, insurance, pension and financial literacy appear only as dimensions inside these sub-indices.
- ✓ (c) Access reflects the supply side (banking, digital, pension, insurance); Usage the demand side (savings and investments, digital, pension, insurance, credit); Quality has three dimensions: financial literacy, consumer protection and inequality.
- ✗ (a) Credit, insurance and pension are dimensions within Access or Usage, not the three sub-indices.
- ✗ (b) ‘GDP contribution’ is not part of the index, and financial literacy is only one dimension of the Quality sub-index.
- ✗ (d) Affordability and Transparency are not sub-indices of the FI-Index.
Remember · FI-Index (0–100): Access 35%, Usage 45%, Quality 20%. Quality covers financial literacy, consumer protection and inequality.
Sources
- PIB: RBI’s Financial Inclusion Index rises to 67 in March 2025 ↗ “The index has 3 sub-indices, “Access”, “Usage” and “Quality”, with each sub-index having respective weight of 35, 45 and 20 per cent respectively.”
Question and answer: UPSC's provisional GS Paper I (2026, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·