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Jan Dhan accounts and Aadhaar-enabled payment systems are steps towards
Aa less-cash, financially inclusive economy
Ba fixed exchange rate regime
Chigher statutory reserve ratios
Dabolishing commercial banking
Answer & Solution
Correct answer: A. a less-cash, financially inclusive economy
1. A cashless society settles transactions by transferring digital information rather than notes and coins.
2. India has invested in reforms for greater financial inclusion.
3. Jan Dhan, Aadhaar-enabled payments, e-wallets and the National Financial Switch all serve that **less-cash, inclusive** goal.
4. None of them concerns exchange rates or reserve ratios, which are separate policy levers.
_Source: NCERT Class 12 Introductory Macroeconomics, Ch 3 "Money and Banking", section 3.2 DEMAND FOR MONEY AND SUPPLY OF MONEY_
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