Question : Statement 1: Lack of access to credit and financial services hinders poverty alleviation efforts.
Statement 2: Access to credit enables individuals to invest, generate income, and improve their standard of living.
Option 1: Statement 1 is true, and Statement 2 is true.
Option 2: Statement 1 is true, but Statement 2 is false.
Option 3: Statement 1 is false, but Statement 2 is true.
Option 4: Statement 1 is false, and Statement 2 is false.
Correct Answer: Statement 1 is true, and Statement 2 is true.
Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is true.
Statement 1 is true. Access to credit and financial services is crucial for individuals and communities to invest in income-generating activities, start businesses, and improve their standard of living. Without access to credit, many individuals, especially those in poverty, face difficulties in obtaining capital to pursue economic opportunities and overcome financial constraints.
Statement 2 is also true. Credit allows individuals to access funds that can be used for various purposes, such as starting or expanding a business, investing in education or skills development, or addressing emergencies. By utilizing credit effectively, individuals can generate income, build assets, and improve their overall economic situation.
Question : Statement 1: Lack of access to basic services such as clean drinking water and sanitation facilities hinders poverty alleviation efforts.
Statement 2: Inadequate water and sanitation lead to health issues, increased healthcare expenses, and loss of productivity.
Question : Assertion: Lack of access to financial services and credit facilities contributes to poverty.
Reason: Access to credit enables individuals and businesses to invest, generate income, and improve their standard of living.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Question : Statement 1: Lack of access to education is a cause and consequence of poverty.
Statement 2: Education can empower individuals to escape the cycle of poverty.
Question : Statement 1: Poverty is a permanent condition that cannot be alleviated.
Statement 2: Effective poverty alleviation measures can help individuals and communities escape poverty.
Question : Statement 1: Lack of access to healthcare facilities contributes to poverty.
Statement 2: Medical expenses can push individuals and families into poverty due to high out-of-pocket costs.
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