Which of the following is the most important aim of reforms in the Indian Financial Sector? A. Promote financial inclusion B. Restrict foreign investments C. Discourage savings D. Increase tax rates on investments
Question
Which of the following is the most important aim of reforms in the Indian Financial Sector? A. Promote financial inclusion B. Restrict foreign investments C. Discourage savings D. Increase tax rates on investments
Solution
The most important aim of reforms in the Indian Financial Sector is A. Promote financial inclusion. This is because financial inclusion is about delivering financial services at affordable costs to sections of disadvantaged and low-income segments of society. It is a key enabler to reducing poverty and boosting prosperity.
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