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Q

Medium 1 Mark

General Knowledge Economy of Pakistan

Which institutions provide financial support to small businesses and low-income individuals?

A Central banks

B Insurance companies only

C Microfinance banks

D Commercial banks only

Explanation

Microfinance banks specifically provide financial support to small businesses and low-income individuals who may not qualify for regular commercial bank loans.

Reference: Economy of Pakistan - General Knowledge , Page 4

Hint

Microfinance focuses on small-scale lending to the underserved.

Explanation

Hint

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