With reference Economic Survey 2022-23, consider the following statements:1.As per the survey, the JAM Trinity (Jan-Dhan, Aadhaar and Mobile) combined with Direct Benefit Transfers (DBT) has brought the marginalised sections of society into the formal financial system.2.As per the survey, credit disbursed by non-banking financial companies has seen a decline.3.According to the survey, private investment in agriculture rose in 2020-21.Which of the statements given above are correct?

Q. With reference Economic Survey 2022-23, consider the following statements:
1.As per the survey, the JAM Trinity (Jan-Dhan, Aadhaar and Mobile) combined with Direct Benefit Transfers (DBT) has brought the marginalised sections of society into the formal financial system.
2.As per the survey, credit disbursed by non-banking financial companies has seen a decline.
3.According to the survey, private investment in agriculture rose in 2020-21.
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. The JAM Trinity (Jan-Dhan, Aadhaar and Mobile) combined with Direct Benefit Transfers (DBT) has brought the marginalised sections of society into the formal financial system. According to the Survey, private investment in agriculture rose in 2020-21.

Statement 2 is incorrect. As per the survey, credit disbursed by non-banking financial companies has been on the rise.

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