General Knowledge · General Awareness
Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R): Assertion (A): The integration of Financial Literacy programs with Micro-credit delivery leads to a significant reduction in the Probability of Default (PD) among Self-Help Group (SHG) members in rural India. Reasoning (R): Financial literacy empowers borrowers to understand the concepts of compound interest, the importance of timely repayment for credit scoring, and the distinction between productive and consumptive credit, thereby improving their cash flow management. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is false, but (R) is true.
- 2(A) is true, but (R) is false.
- 3Both (A) and (R) are true, but (R) is not the correct explanation of (A).
- 4Both (A) and (R) are true, and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are true, and (R) is the correct explanation of (A).
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