Multiple Choice Questions

According to RBI rsquo s National Strategy for Financial Inclusion minimum radius in which banking f...........

Current GK (SBI-PO) Policy and Programmes

According to RBI’s National Strategy for Financial Inclusion, minimum radius in which banking facilities should be available to a person is ______.

This questions was previously asked in

SBI PO Mains (29 Jan, 2021)

5 km

50 km

20 km

6 km

None of the above

- Option 1: 5 km

- This option states that banking facilities should be available within a 5 km radius for individuals.

- Option 2: 50 km

- This option suggests a much larger radius, which is typically not aligned with financial inclusion strategies aimed at accessibility.

- Option 3: 20 km

- This is not commonly stated in financial inclusion goals as it is still quite far for ensuring easy access.

- Option 4: 6 km

- This is closer to the commonly recommended accessibility radius for banking facilities in rural or less accessible areas.

- Option 5: None of the above

- This option implies that none of the provided radii align with RBI’s strategy.

Correct Answer: Option 4 - 6 km

The Reserve Bank of India often aims for banking access within a 5-6 km radius to improve financial inclusion.

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