SSC GD 2023 PYQ — Question 32

SSC GD Constable (English) - 1 Feb 2023 - Shift 3 • General Awareness • Q32

Microfinance is a _______ service.

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. financial.

  • The primary aim of microfinance is to provide access to financial resources for people who may not have access to traditional banking services.
  • Microfinance institutions (MFIs) typically provide small loans to individuals or small businesses that may not qualify for loans from traditional banks.