Which statements define educational finance at the micro and macro levels?

A. Macro finance is framed for the needs used of an individual, small industries and small business units.

B. Macro finance includes drafting policy, subsidies, multiyear expansion plans.

C. The main aim of micro finance is to help economy grow and to generate employment.

D. Macro finance has direct effect on whole economy and indirect effect on the whole population.

E. Micro finance is an endless activity.

Choose the correct answer from the options given below:

Correct option is C

• B (Macro finance includes drafting policy, subsidies, multiyear expansion plans): True – Macro finance involves the management of national financial policies and strategies such as economic expansion plans, subsidies, and the development of economic policies that shape the overall financial health of the country.
• C (The main aim of micro finance is to help the economy grow and to generate employment): True – Micro finance focuses on providing financial services, such as small loans, to individuals in low-income areas, aiming to improve their economic standing and help generate employment by fostering entrepreneurship.
• D (Macro finance has a direct effect on the whole economy and indirect effect on the whole population): True – Macro finance affects the entire economy, including factors like inflation, GDP, fiscal policies, and government funding, with indirect effects on the population at large through policies like education funding, healthcare subsidies, and infrastructure development.

Information Booster:

• Macro finance refers to the large-scale financial policies designed at the national or international levels, impacting the overall economy, government budgets, and social welfare programs.
• Micro finance is focused on small-scale financial support provided to individuals or groups, particularly those without access to traditional banking, often with the aim of fostering economic independence and job creation in disadvantaged communities.

Additional Knowledge:

• The goal of micro finance is not only to reduce poverty but also to stimulate local economies by empowering individuals with limited access to capital. Successful microfinance programs have been crucial in developing nations, where women empowerment through small loans has shown significant improvements in community-level economic outcomes.