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Micro-finance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are:
  1. Credit facilities
  2. Saving facilities
  3. Insurance facilities
  4. Fund transfer facilities
Which of the statements give above is/are correct?
  • a)
    1,2,3 and 4
  • b)
    1 and 4
  • c)
    2 and 3
  • d)
    Only 1
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Micro-finance is the provision of financial services to the people of ...
Micro-finance is different from micro-credit- under the latter, small loans are given to the borrower but under micro-finance alongside many other financial services like savings accounts, insurance, credit facilities and fund transfer facilities.
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Micro-finance is the provision of financial services to the people of low income groups. This includes both consumer and the self-employed. The service/ services rendered under micro-finance is/are: Credit facilities Saving facilities Insurance facilities Fund transfer facilitiesWhich of the statements give above is/are correct?a)1,2,3 and 4b)1 and 4c)2 and 3d)Only 1Correct answer is option 'A'. Can you explain this answer?
Question Description
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