What are the indicators of financial development? Give an example of indicator of financial development from banking, insurance, foreign exchange markets and capital markets?

What are the indicators of financial development? Give an example of indicator of financial development from banking, insurance, foreign exchange markets and capital markets? 

Ans. Those criterions which help to judge the efficiency and development of financial system are called indicators of financial development. In simple words, there has to be some ratios, some percentages which we can use as a benchmark for judging development of financial sector. These are called indicators of financial development.