QUESTION 2
GS3
10 marks
Examine the view that financial inclusion is an integral part of social and economic inclusion in a country like India. Also throw light on the usefulness of the R.B.I.’s Financial Inclusion Index.
WRITE IN
7 min
150 words
What the examiner wants
Show how usable financial services affect opportunity, resilience and participation, then assess what the RBI FI-Index adds to policy measurement.
ExamineGo into the details, test each point against evidence, and conclude on what it shows.
Demand-wise check
- 1Link savings, credit, insurance and payments to social/economic inclusion≈35 words
- 2Show relevance for women, rural households, informal workers and small firms≈35 words
- 3Explain FI-Index usefulness as a multidimensional tracking tool plus limits of aggregate scores≈35 words
Open in about 20 words and close in about 20.
Answer plan
Inclusion mechanismExcluded groupsFI-Index usefulnessLimitations
Where marks usually go
- Equating account ownership with effective inclusion
- Describing the FI-Index without explaining how policymakers use it
Value addition
- Access→usage→quality→social/economic inclusion
→ Draw it in the body, next to the point it supports.
Official source anchors
These are authoritative sources selected for this exact PYQ. Where a card is an official-domain anchor rather than a fact-level citation, verify the precise provision, definition or data point on the linked source before using it.
Next: plan for one minute, write it in 7 minutes, then get it checked.