The United Nations designates ________ as the 'International Year of Micro Credit'.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2005.
The United Nations designated 2005 as the 'International Year of Microcredit'. This initiative aimed to highlight the importance of microcredit in alleviating poverty and promoting economic development. The year focused on raising awareness about the potential of microfinance to empower individuals, particularly in developing countries, by providing them with small loans and financial services to start or expand small businesses. The initiative underscored the role of microcredit in fostering financial inclusion and supporting sustainable development goals.