Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI)?
Last updated Jun 9, 2026
Correct Answer:
Option C —
Access, Usage, and Quality
Understanding the RBI's Financial Inclusion Index (FI-Index):
The Reserve Bank of India (RBI) constructed the FI-Index to capture the extent of financial inclusion across the country. It is a comprehensive index that incorporates details of banking, investments, insurance, postal, and the pension sector.
The index is built upon three broad parameters (sub-indices), each assigned a specific weightage based on its importance:
Access (35% weight): Measures the structural availability of financial entry points. It looks at metrics like the number of bank branches, ATMs, post offices, and banking correspondents per lakh population.
Usage (45% weight): Measures how actively the population is utilizing these services. It tracks metrics like the number of active savings accounts, credit accounts, insurance policies, and digital transactions.
Quality (20% weight): A unique dimension that measures the qualitative aspect of financial services. It evaluates financial literacy, consumer protection, grievance redressal mechanisms, and the minimization of financial frauds.
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