Fintech and Financial Inclusion

Front

What is the primary reason many people remain unbanked? Options: Lack of interest in banking, Government restrictions, Lack of internet access

Back

High banking fees

Front

Which global organization publishes the Global Findex Database on financial inclusion?

Back

World Bank

Front

What percentage of the global adult population was unbanked as of the most recent Global Findex Report?

Back

24%

Front

What is a common barrier to financial access in developing countries? Options: Lack of mobile phones, Limited financial literacy, High education costs, Low tax rates

Back

Limited financial literacy

Front

What is the main role of microfinance institutions in financial inclusion?

Back

Providing small loans to underserved communities

Front

What is the primary advantage of mobile banking for the unbanked?

Back

It reduces the need for physical bank branches

Front

Which fintech company pioneered mobile money services in Africa?

Back

M-Pesa

Front

What is RegTech in the fintech industry?

Back

Technology that helps financial institutions comply with regulations

Front

Which fintech tool is most effective in preventing fraud among unbanked users? Options: Chatbots, AI-powered identity verification, Social media monitoring, Crowdfunding platforms

Back

AI-powered identity verification

Front

Which fintech company has significantly contributed to financial inclusion in India?

Back

Paytm