Q. Consider the following statements:
1.China and India have large shares of the global unbanked population.
2.There has been a decrease in the gender gaps in bank account ownership in India.
3.The gender gap in access to mobile phones has an impact on financial inclusion.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

Explanation –

Statement 1 and 3 are correct. China and India have large shares of the global unbanked population. The gender gap in access to mobile phones has an impact on financial inclusion. Globally, financial inclusion has been accelerated by the increase in use of mobile phones and the internet.

Statement 2 is incorrect. In South Asia, except Sri Lanka and India, all countries are experiencing significant gender gaps in bank account ownership. The percentage of women who have a bank or savings account that they themselves use has increased from 53 percent in NFHS-4 to 79 percent in NFHS-5.

Source: ORF