Financial Inclusion does not assure?(a)Reducing Poverty (b)Reducing Inequality (C)Reducing Migration(d)Reducing opening of new accounts (e)Improving poor family’s overall welfare

Financial inclusion aims to:Question 20AnswerA.Provide access to financial services for all segments of societyB.Encourage economic inequalityC.Limit access to financial servicesD.Promote cash transactions

Four alternative summaries are given below the text. Choose the option that best captures the essence of the text.Until recently, economic growth and social policy were thought of separately. Inequalities and social inclusion were viewed as a residual outcome of necessary market-led growth. The development response was to get markets right first and then deal with any remaining pockets of the poor. Persistent poverty and growing social exclusion call the approach into question.Considering economic growth and social policies as mutually exclusive concepts has resulted in persistent poverty and growing social inclusions.Persistent poverty and increasing social inequalities confirm that it is wrong to consider economic growth and social policies separately.Economic growth and social policies are interlinked and thus should not be viewed separately.Perpetual poverty and growing social inequalities cause doubt about the validity of considering economic growth and social policies as separate entities.

Which of the following will not aid poverty reduction?Group of answer choicesexpand employment for the vulnerableimprove utilization of resources and prioritize basic needs in national developmentembark on economic and institutional reforms for efficiency and effectivenessdiscourage small scale business and market promotions

These questionsare important for several reasons: households in developing countries depend on friendsand relatives for their livelihood and sometimes their survival; help exchanged withinextended families and kin networks affects the distribution of economic well-being, andthis private assistance and exchange can interact with public income redistribution. Yetdespite rapid recent progress there remain significant deficiencies in our understand-ing of the economics of extended families.

All systems of social inequality create __________, the lack of resources of some people in relation to those who have more.A.relative povertyB.affluenceC.absolute povertyD.social equality