Attempt this previous-year question. The correct option stays hidden until you choose.
Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:
1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities
Select the correct answer using the codes given below the lists:
Pick an option to check yourself.
• Correct Answer: D
• Microfinance includes microcredit, microsavings, microinsurance, and remittance services.
• All four are essential components of financial inclusion for low-income groups.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram