Which one of the following correctly represents the three sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?

Option (C) — Access, Usage, and Quality

• The Financial Inclusion Index (FI-Index) was first published by the RBI in August 2021 to capture the extent of financial inclusion across the country.
• The index is constructed without any base year and reflects the cumulative efforts of stakeholders over the years towards financial inclusion.
• It is a composite index with values ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
• The FI-Index comprises three broad parameters with weights: Access (35%), Usage (45%), and Quality (20%), each consisting of various dimensions computed based on multiple indicators.

• Option (a) Credit access, Insurance depth, and Pension coverage: Incorrect. These are not the sub-indices defined by RBI for the FI-Index.
• Option (b) Banking access, GDP contribution, and Financial literacy: Incorrect. GDP contribution is not a parameter of the FI-Index.
• Option (c) Access, Usage, and Quality: Correct. These are the three official sub-indices of the RBI's FI-Index with respective weights of 35%, 45%, and 20%.
• Option (d) Access, Affordability, and Transparency: Incorrect. Affordability and Transparency are dimensions within Quality, not standalone sub-indices.