Q7 · UPPSC current affairs · 9 October 2026 · News · Climate Risk in Microfinance Underwriting

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English हिंदी

Consider the following statements regarding microfinance guidelines in India:1.The Reserve Bank of India (RBI) defines microfinance loans as collateral-free loans extended to households with annual income up to Rs 3 lakh.2.The Bharat Microfinance Report 2026 urged Microfinance Institutions to integrate climate risk factors into rural credit underwriting decisions.Which of the statements given above is/are correct?

A Both 1 and 2

B 2 only

C Neither 1 nor 2

D 1 only

Correct answer: (a) Both 1 and 2

Explanation

Both statements are correct. Statement 1 accurately reflects the RBI definition of microfinance loans regarding household income limits, and Statement 2 correctly cites the Bharat Microfinance Report 2026 recommendations on climate risk integration.

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