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Micro credit… (Class 12 Economics SQP 2023-24, Q24)

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EconomicsCBSE Class 12 · Sample paper, session 2023-24 · 1 mark · MCQ

CBSE Class 12 Economics sample paper 2023-24: question 24

From the official CBSE sample question paper for 2023-24, section B, question 24, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q24 · 1 mark · MCQRural Development

Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they____________.(Choose the correct alternative to fill up the blank)
(i) provide financial support
(ii) lead to women empowerment
(iii) enhance the reach of formal credit system

  1. (A)(i) and (ii)
  2. (B)(ii) and (iii)
  3. (C)(i) and (iii)
  4. (D)(i), (ii) and (iii)

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

Who are most SHG members?

Hint 2

Does micro-credit bring the poor into formal banking?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Micro-credit (for example through self-help groups) gives financial support to the poor (i), empowers women who form most SHGs (ii), and extends the reach of the formal credit system to people who had none (iii).

  2. All three are correct. Option (D).

    1 mark

Answer: (D) (i), (ii) and (iii)

Where the marks are

  • Micro-credit: finance, women empowerment, wider formal credit (1 mark)

Revise the chapter

  • Chapter: Rural Development (notes, formulas, where marks are lost and every past question)
Practise this chapterBoard-style questions from Rural Development, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.