Read the following passage and answer the question that follows:

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?

Question

Read the following passage and answer the question that follows:

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?

Accepted Answer

Correct Option: (D) Promote financial inclusion

What is the crucial message conveyed in the passage?

हिंदी में प्रश्न एवं आदर्श उत्तर