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Why is literacy rate is low in the females?
  • a)
    lack of equal education opportunities
  • b)
    lack of transport facilities
  • c)
    lack of infrastructure
  • d)
    lack of income
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Why is literacy rate is low in the females?a)lack of equal education o...
Society thinks that women are just for doing household works and for taking care of their families. they don't think that women can also do jobs or can stand equal to a man . that's y women or females donot get equal education opportunity.
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Why is literacy rate is low in the females?a)lack of equal education o...
In the middle of 19th century there was alot of myths and misconceptions among the people that women reserved for household work only they will not let the women do their work outside the household, very few among them worked outside their domain and there was no adequate education system & lack of education opportunities for the women. with all these due factors literacy rate is low in the female!
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Community Answer
Why is literacy rate is low in the females?a)lack of equal education o...
B. Lack of equal education opportunities

There are several reasons why the literacy rate is low in females, but one of the major factors is the lack of equal education opportunities. This refers to the unequal access to education, especially in developing countries, where girls and women face various barriers to education.

1. Social and cultural norms: In many societies, traditional gender roles dictate that women should prioritize household chores and marriage over education. This leads to the devaluation of girls' education and limited opportunities for them to attend school.

2. Poverty: Poverty is another significant factor that affects girls' education. Families living in poverty often prioritize the education of boys over girls due to financial constraints. Girls may be forced to work or contribute to household income, which prevents them from attending school.

3. Child marriage: Child marriage is a prevalent issue in many parts of the world, particularly in developing countries. When girls are married off at a young age, they are often expected to drop out of school and focus on their domestic responsibilities. This deprives them of the opportunity to continue their education.

4. Distance and safety concerns: Lack of transport facilities and safety concerns also contribute to low literacy rates among females. In some areas, schools may be far from the girls' homes, making it difficult for them to commute. Additionally, inadequate transportation infrastructure and safety risks, such as harassment or violence, may deter parents from sending their daughters to school.

5. Lack of infrastructure: Limited access to schools, particularly in rural areas, further hinders girls' education. Many schools lack basic infrastructure like proper classrooms, sanitation facilities, and safe learning environments. This makes it challenging for girls to attend and continue their education.

6. Lack of income: Economic factors also play a role in limiting girls' access to education. Families with limited income may prioritize the education of their sons over daughters, perceiving it as a better investment for their future.

Overall, the low literacy rate among females can be attributed to a combination of societal, cultural, economic, and infrastructural barriers. Addressing these issues requires comprehensive efforts from governments, NGOs, and communities to ensure equal access to education for all, regardless of gender.
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Financial inclusion plays a crucial role in inclusive development and sustainable prosperity as is being increasingly recognised and acknowledged globally. Large segment of population need to be part of formal payment system and financial markets. Financial inclusion would also broaden and deepen financial savings and lead to higher economic development.Previous initiatives: While financial sector policies in India have long been driven by the objective of increasing penetration and outreach, the goal of inclusion has eluded us. About 41 per cent of adult population remain unbanked and the number of loan account covers only 14 percent of adult population. The previous initiatives included (i) the expansion of network of cooperative banks to provide credit to agriculture and saving facilities in rural areas, (ii) nationalism of bank in 1969 and expansion of branches and (iii) creation ofan elaborate framework of priority sector lending with mandated targets as part of a strategy to meet the savings and credit needs of large section of the Indian population who had no access to institutional finance. Given the sheer enormity of the challenge, however the outcomes of these efforts have so far been mixed.Recent initiatives/out of the box approaches: Recent initiative include (i) “no frill” account for retail purpose; (ii) simplified KYC (Know Your Customer) (iii) Credit counselling centre facilities; (iv) use of NGOs and formation of SHGs; (v) Kisan credit cards service and (vi) extension of smart cards. The finance Minister in his Budget Speech of 2007-08 also laid down provision for funding of financial inclusion goals. The Rangarajan Committee also spelt out priorities for meeting financial inclusion objectives. Two of the more important approaches in the recent times included the use of technology such as smart cards and mobile telephone banking. The potential for their spread can be vast especially in combination with banking correspondence approach launched recently.New entry and competition: In addition, new competition and entry also play crucial roles, as is evident from the global experience. Two particular initiatives have included the role of Micro Financial Institutions (MFIs) and Non-Bank Finance Companies (NBFCs). MFI activities have surged in recent years, but has come under scrutiny and regulation. Services expanded at a fast rate, providing access on better terms than the alternatives of traditionalmoney lenders. However, better regulation is also needed. On NBFCs, gold pawn establishment have also provided alternate access and are fast expanding in urban and semi-urban settings. As far as caps on interest rates are concerned, as in case of other products, ‘subsidies’ in the form of low interest are often an inhibitor of access to services because of rationing and misuse.Financial Literacy: Any policy initiative seeking to afford greater access to financial services to financial services to a large segment of the population must necessarily address bridging the existing knowledge gap in financial education and literacy. Over the last decade or so, researcher all over the world, especially in the developed countries, have, therefore, started to study and explore whether individuals are wellequipped to make financial decisions. Financial education and literacy assumes urgency in any given scenario.Q.What is meant by the term financial literacy?

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Why is literacy rate is low in the females?a)lack of equal education opportunitiesb)lack of transport facilitiesc)lack of infrastructured)lack of incomeCorrect answer is option 'A'. Can you explain this answer?
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