Microfinance and Socio-Economic Development in India Quiz
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Questions and Answers

What aspect of socio-economic development in India has microfinance addressed?

  • Promotion of international trade
  • Access to luxury goods for the wealthy population
  • Financial exclusion among the low-income population (correct)
  • Investment in large-scale industries

    • Who has notably benefited from microfinance in India?

  • Urban professionals seeking investment opportunities
  • International investors looking for high returns
  • Corporate executives in major cities
  • India's vast rural population, especially women in rural areas (correct)

    • What has microfinance in India contributed to poverty reduction?

  • Encouraging reliance on government aid
  • Fostering a culture of entitlement
  • Promoting dependency on external financial assistance
  • Providing opportunities for entrepreneurship and self-employment (correct)

    • Which group has microfinance initiatives in India notably focused on?

    <p>Women, recognizing their potential to manage finances effectively</p> Signup and view all the answers

    What has microfinance facilitated in rural India?

    <p>The growth of rural economies, supporting agricultural activities and small-scale industries</p> Signup and view all the answers

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