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Questions and Answers
What aspect of socio-economic development in India has microfinance addressed?
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?
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?
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?
Which group has microfinance initiatives in India notably focused on?
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What has microfinance facilitated in rural India?
What has microfinance facilitated in rural India?
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