MCQ

Financial Inclusion MCQ - Practice Questions with Answers

Solve 2 Financial Inclusion questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements regarding India digital financial inclusion ecosystem highlighted in the PIB feature of 13 May 2026:\n1. India has 58.16 crore Jan Dhan accounts under the Pradhan Mantri Jan-Dhan Yojana.\n2. The Account Aggregator framework currently has around 252.9 million users supporting consent-based data sharing.\n3. MuleHunter.AI is an Artificial Intelligence based tool that detects suspicious mule accounts using real-time transaction patterns.\nWhich of the statements given above are correct?

A 1 and 2 only

B 1 and 3 only

C 1, 2 and 3

D 2 and 3 only

Explanation

All three statements are correct as cited in the PIB feature of 13 May 2026: 58.16 crore Jan Dhan accounts under PMJDY, 252.9 million Account Aggregator users, and MuleHunter.AI as an AI fraud detection tool.

Q2Consider the following statements about the Unified Lending Interface (ULI) referenced in the 13 May 2026 PIB feature on AI-powered financial inclusion:\n1. ULI functions as a Digital Public Infrastructure for the lending space, integrating financial institutions and data providers through standardised APIs.\n2. ULI is operated by the Securities and Exchange Board of India and is restricted to capital market borrowers.\nWhich of the statements given above is/are correct?

A Both 1 and 2

B 2 only

C Neither 1 nor 2

D 1 only

Explanation

Statement 1 is correct: ULI is a DPI for lending using standardised APIs. Statement 2 is incorrect: ULI is a Reserve Bank of India initiative aimed at frictionless credit across borrower segments, not a SEBI capital market platform.

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