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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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