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_____________ means giving small loans to individuals for establishing self-employment.
Macro credit
Micro credit
Both a and b
None of these
- Micro credit refers to the provision of small loans to individuals who may not have access to traditional banking services. These loans are typically intended for self-employment and small business development, helping individuals become financially independent.
- Macro credit is not a recognized financial term in relation to small loans for self-employment. Typically, "macro" refers to something large-scale, which is not relevant here.
- "Both a and b" suggests that both options are simultaneously correct, but since "macro credit" is incorrect, this option is also not valid.
- "None of these" would imply that neither micro credit nor macro credit fits, but micro credit is indeed the correct term for small loans for self-employment.
Therefore, the correct answer is option: 2, Micro credit.
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