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Consider the following statements: Microfinance Institutions are financial companies that provide small loans to people who do not have any access to banking facilities. In India, all loans that are below Rs.2 lakh can be considered as microloans. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements: Microfinance Institutions are financial companies that provide small loans to people who do not have any access to banking facilities. In India, all loans that are below Rs.2 lakh can be considered as microloans. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Microfinance Institutions are financial companies that provide small loans to people who do not have any access to banking facilities. In India, all loans that are below Rs.2 lakh can be considered as microloans. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

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