Which one of the following correctly represents the three key sub-indices of the Financia…

Approach: Focus on the structural framework of the RBI's FI-Index, which is designed to measure the depth and breadth of financial inclusion beyond just the availability of banking services.

- **Correct Answer:** (c) Access, Usage, and Quality
- **The FI-Index Framework:** The RBI developed this index to capture information on various aspects of financial inclusion in a single value between 0 and 100.
- **Sub-index Breakdown:**
- **Access (35% weight):** Measures the availability of financial services, including banking outlets, ATMs, and digital infrastructure.
- **Usage (45% weight):** Assesses how effectively people use these services, covering parameters like savings, credit, insurance, and remittances.
- **Quality (20% weight):** Evaluates the 'financial health' and consumer protection aspects, including financial literacy, grievance redressal, and the ease of using digital channels.
- **Why other options are incorrect:**
- Options A, B, and D mix peripheral indicators (like GDP contribution or transparency) that are not part of the official three-pillar methodology used by the RBI to calculate the index.