SSC CHSL 2023 PYQ — Question 50

SSC CHSL - 07 Aug 2023 - Shift 3 • General Awareness • Q50

Which of these may NOT be attributed to micro-finance?

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e. Financial services could enable the poor to earn high rates of interest on deposits.

Financial services could enable the poor to earn high rates of interest on deposits may not be attributed to micro-finance. Micro-finance primarily focuses on providing small loans, savings, and other financial services to the poor to support their entrepreneurial activities, build assets, and enhance economic security. It is generally not aimed at offering high interest rates on deposits, as the primary objective is to facilitate access to capital and financial services for those who are underserved by traditional banking institutions.