B. Providing banking services only to high-income groups
C. Increasing interest rates for small borrowers
D. Ensuring access to financial services for all sections of society at affordable cost
Answer: Option D
Solution (By JKSSB Mock Tests)
Financial inclusion seeks to ensure that individuals and businesses, especially the underserved, have access to useful and affordable financial products and services.
Explanation:
Horizontal equity is the principle that taxpayers with equal capacity to pay (usually measured by income or wealth) should bear equal tax burdens.
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