Banking Awareness - Types Of Bank Accounts
Which account was introduced mainly to promote financial inclusion among unbanked sections?
Which account was introduced mainly to promote financial inclusion among unbanked sections?
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand the objective mentioned.
Financial inclusion focuses on bringing unbanked people into banking.Step 2: Identify the RBI-mandated account.
BSBDA was introduced specifically for this purpose.Final Answer:
Basic Savings Bank Deposit Account → Option BQuick Check:
Inclusion-focused no-frills account = BSBDA ✅
Quick Trick: Financial inclusion keyword = BSBDA.
Common Mistakes:
- Assuming all zero-balance accounts serve inclusion goals.
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