This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 2 years ago.

  • Author
    Posts
  • #960177 Reply
     EduGorilla 
    Keymaster
    Select Question Language :


    The existence/establishment of formal financial institutions that offer safe, reliable and alternative financial instruments is fundamental in mobilising savings. To save, individuals need access to safe and reliable financial institutions, such as banks, and to appropriate financial instruments and reasonable financial incentives. Such access is not always available to all people in developing countries like India and more so, in rural areas. Savings help poor households manage volatility in cash flow, smoothen consumption, and build working capital. Poor households without access to a formal savings mechanism encourage immediate spending temptations.

    What is the crucial message conveyed in the passage?

    Options :-

    1. Establish more banks.

    2. Increase the Gross Domestic Product (GDP) growth rate

    3. Increase the interest rate of bank deposits

    4. Promote financial inclusion

    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • IIT-JEE, NEET, CAT
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: The existence/establishment of formal financial institutions that offer safe, reliable and alte….
Your information:




Verify Yourself




Log in with your credentials

or    

Forgot your details?

Create Account