
APTI PLUS Academy For Civil Services.
June 13, 2025 at 06:41 AM
Q2. With reference to Microfinance in India, identify the correct statements:
1. Microfinance refers to small-ticket financial services extended to low-income households, primarily for consumption credit.
2. SEWA Bank, Ahmedabad, was India's first MFI.
3. The Malegam Committee recommended regulatory norms for NBFC-MFIs.
4. The Reserve Bank of India (RBI) regulates the microfinance sector.
How many of the above statements are correct?
A) Only one
B) Only two
C) Only three
D) All four