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.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2026 · Q98 · General Studies · 2 marks
With reference to different Committees in India, consider the following details: 1. R.N. Malhotra Committee - Comprehensive reforms of Insurance sector in India - Insurance Regulatory and Development Authority of India. 2. L.C. Gupta Committee - Preparing a roadmap for the introduction of derivatives trading in India - Securities and Exchange Board of India. 3. Urjit R. Patel Committee - Preparing a roadmap for reforming bank lending to the Housing sector - Reserve Bank of India. 4. Y.H. Malegam Committee - Preparing a roadmap for reforms in Microfinance sector in India - Reserve Bank of India. In how many of the above rows are all the details correctly matched? -
2021 · Q14 · General Studies · 2 marks
With reference to 'Water Credit', consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor