Which of the following is not an objective of micro finance?

To extend financial assistance to low income strata

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To inculcate saving habits among the poor

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To encourage self-employment

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To earn profits by charging high interest rates

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Solution

The correct option is D To earn profits by charging high interest rates
While others are objectives of micro finance, they are met by charging low interest rates and by providing uncollateralized loans.

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The following is not an objective of management:

(a) earning profits

(b) growth of the organisation

(d) policy making

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