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    Question

    In India, all loans that are below __________ are

    considered microloans.
    A 1 lakh rupees Correct Answer Incorrect Answer
    B 2 lakh rupees Correct Answer Incorrect Answer
    C 4 lakh rupees Correct Answer Incorrect Answer
    D 3 lakh rupees Correct Answer Incorrect Answer

    Solution

    In India, loans under 1 lakh rupees are categorized as microloans, aimed at supporting small-scale entrepreneurs and individuals in economically weaker sections who lack access to traditional banking services.

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