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The Financial Inclusion Index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. Which parameter brought the maximum increase in the FI Index in March 2024?

1. Quality Access
2. Usage
3. All of the above
4. None of the above

Correct answer: Usage

Solution

The Financial Inclusion Index is built from three broad parameters: access, usage, and quality. In March 2024, the largest increase in the index came from the usage parameter, indicating improved utilization of financial services.

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