Definition of Financial Inclusion was given and we had to identify what was the definition related w...........

Accountancy (Phase -I & II) Others

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Definition of Financial Inclusion was given and we had to identify what was the definition related with. Options-

Financial inclusion

Financial literacy

Financial closure

None of these

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Explanation:

- Financial Inclusion (Option 1): This term refers to the efforts to provide affordable financial services to all individuals, including those who are underserved or unbanked. It aims to ensure that everyone has access to banking, insurance, equity, and credit facilities.

- Financial Literacy (Option 2): This involves understanding and using various financial skills, including personal financial management, budgeting, and investing.

- Financial Closure (Option 3): This refers to the completion of all necessary financial arrangements and conditions required to facilitate a project, such as a major infrastructure venture.

- None of These (Option 4): Use this option if none of the above definitions fit the given context.

Correct Answer: Financial Inclusion (Option 1)