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Economics · Class 11 Commerce

Ch 7Financial Inclusion in Manipur — Class 11 Economics, concept-first.

Financial inclusion means making basic financial services available and affordable to every person in the economy, especially those who have traditionally been left out of the formal banking system — the poor, small farmers, daily-wage earners, women, and people living in remote rural and hilly areas.

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Key concepts

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Meaning of Financial Inclusion

Financial inclusion is the delivery of affordable, timely and adequate formal financial services — a bank account, savings, credit, payments, insurance and pension — to all sections of society, especially the poor and th…

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Chapter contents

The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.

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Meaning and Concept of Financial Inclusion

Financial inclusion means making basic financial services available and affordable to every person in the economy, especially those who have traditionally been left out of the formal banking system —…

2

Objectives and Importance of Financial Inclusion

Financial inclusion is pursued with clear objectives. The main aim is to extend the reach of formal finance to the unbanked and underbanked population so that no household is forced to depend on explo…

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Dimensions and Indicators of Financial Inclusion

Financial inclusion is not a single act of opening an account; it has several dimensions. Economists usually measure it along three broad lines.

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Instruments and Drivers of Financial Inclusion in India

India has used a range of institutions, schemes and technologies to drive financial inclusion. These are the main instruments and drivers.

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Achievements of Financial Inclusion in Manipur

Manipur, a hill state in India's north-east, has shared in the national push for financial inclusion while facing its own distinct conditions. Several genuine achievements can be noted.

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Challenges to Financial Inclusion in Manipur

Alongside its achievements, Manipur faces challenges that are typical of a hilly, sparsely connected north-eastern state and that make financial inclusion harder to deliver than in the plains.

Exercises

+Show 12 questions12 questions
  1. Q1What is meant by financial inclusion? Explain its meaning and concept.Free
  2. Q2Why does financial inclusion matter? Discuss its importance.Free
  3. Q3State the main objectives of financial inclusion.Free
  4. Q4Explain the three dimensions of financial inclusion — access, usage and quality.Preview
  5. Q5What is a Basic Savings Bank Deposit Account (no-frills account)? Why is it important for financial inclusion?Preview
  6. Q6Explain the role of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) and the JAM trinity in promoting financial inclusion.Preview
  7. Q7How do self-help groups (SHGs) and microfinance help in financial inclusion?Preview
  8. Q8Describe the achievements of financial inclusion in Manipur.Preview
  9. Q9What are the main challenges to financial inclusion in Manipur? Explain how its geography affects them.Preview
  10. Q10Explain the role of the Manipur Rural Bank and cooperative/regional rural banks in financial inclusion.Preview
  11. Q11A district in Manipur has plenty of bank deposits but a very low credit–deposit ratio. What does this indicate, and why might it happen in a…Preview
  12. Q12How can digital payments and business correspondents improve financial inclusion in a remote hill village in Manipur?Preview

Sample & Board Papers

Sample papers and previous-year board questions for this subject.

+Show 8 questions8 questions
  1. Q1What is financial inclusion?Preview
  2. Q2Account for the role of Self-Help Groups (SHGs) in financial inclusion in Manipur.Preview
  3. Q3Suggest one banking service to improve the financial literacy and payment mechanisms to rural households in Manipur.Preview
  4. Q4State any two roles played by the Manipur Rural Bank in promoting financial inclusion in Manipur.Preview
  5. Q5In the following question, a statement of Assertion (A) is followed by a statement Reason(R). Choose the correct alternative among those giv…Preview
  6. Q6Analyse the key objectives of financial inclusion by giving four points. OR Analyse the microeconomic trends of financial inclusion in Manip…Preview
  7. Q7Why availability of formal financial institution is considered the most important determinant of financial inclusion?Preview
  8. Q8Describe the Financial Inclusion in India. OR Describe any four Pillars of PMJDY.Preview