UPSC 2011 › Indian Economy › Digital Payments & Financial Inclusion

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UPSC 2011 · Q38 · Indian Economy › Digital Payments & Financial Inclusion · Save

Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are:

  1. Credit facilities
  2. Savings facilities
  3. Insurance facilities
  4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:

(a) 1 only
(b) 1 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Show answer
Answer: (d) 1, 2, 3 and 4